Description

Restaurant For Sale near Broadway Market, Hackney

Property ID: RPS-23350

PROPERTY & BUSINESS SNAPSHOT

Type	Fully fitted restaurant with outdoor seating
Location	Close to vibrant Broadway Market, E8
Lease expiry	Ending in September 2039 (Inside the 1954 Act)
Rent	£65,000 p.a. exclusive
Rent review	Every 4 years with next due in March 2027
Floor area	TBC
Covers	Ground floor: 50, basement: 20 & outdoor: 10
Rateable value	22,750
Business rates payable	Circa £6,000 (discount applied)
Permitted use	Restaurant (Class E)
Annual Turnover	Circa £468,000 (circa £9,000/week)
Ancillary	Extraction, cold room, three phase & premises licence
Premium	£225,000 (Lease and FF&E)

LANDLORD’S REQUIREMENTS

Guarantor required (subject to references)
3-6 month’s rent deposit required (subject to references)
Other usual checks will be carried out

MAIN DETAILS

Situated close to the vibrant Broadway Market area, this fully fitted restaurant provides approximately 50 covers on the ground floor, with a cosy bar and outdoor seating.
The basement offers a private dining area for up to 20 guests, together with a fully fitted commercial kitchen, cold room and customer WC.
Finished in a neutral, versatile style, the premises are suitable for a variety of cuisines. The sale comprises the lease, fixtures and fittings, with a premium sought reflecting the significant investment made in the refurbishment.
Currently the restaurant operates primarily during evening service only, with limited additional trading hours at weekends, the restaurant offers clear potential to increase turnover by extending its opening hours to include a lunch service

THE LOCATION

Located adjacent to East London’s most vibrant and sought-after destinations Broadway Market
Broadway Market is renowned for its mix of independent restaurants, cafés, bars, boutiques and market traders
Prominently positioned in the heart of London Fields and surrounded by an established mix of independent restaurants, cafés, bars and retailers

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord’s requirements. All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.