Property description

Large Restaurant + 3 bedroom flat above. - TO LET / LEASE ASSIGNMENT

Key Features
100 seats
Busy and sought after high street location
Excellent condition
Large restaurant
3 bedroom flat above


Description
This is a great opportunity to acquire large restaurant on popular and sought after Barkingside High Street. The High Street is home to most of the established household brands such as Halifax, Boots, Pizza Express, HSBC, Thomas Cook and many more. The unit is in immaculate condition and benefits from large seating area providing 90 seats, round bar with excellent selection of spirits and wines, long lease, toilets, kitchen area and sought after location. The restaurant is open 7 days a week and includes 3 bedroom flat located above. We have been advised that the flat generates £12,000 per annum.

The area is served by many bus routes with a bus stop only few minutes walk from the shop itself and Barkingside train station (central line) is also only short walk away. The High street is also easily accessible via the A123 and A12.

Accommodation
Restaurant:
Width/Frontage: 20” approx
Depth: 90“approx
Restaurant size: 1800sqft approx

Kitchen:
Width/Frontage: 17” approx
Depth: 29“approx
Kitchen size: 493sqft approx

Total accommodation size: 2293sqft approx

Lease Term/Commencement
Our client wishes to assign the lease which has over 20 years remaining.

Rent
£36,400 per annum.

Premium
£150,000 Reduced to £110,000.

Legal Fees/Cost
Each party is to bear their own legal cost.

VAT
This property is not elected for VAT.

Rates
All interested parties are encouraged to make their own enquiries with London Borough of Redbridge.

Viewings
By prior appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057

Property Features :

• 100 seats
• Busy and sought after high street location
• Excellent condition
• Long lease available
• 3 bedroom flat above