Description

Newly fitted Restaurant for Sale in Rainham. Circa 2045 sq. ft

Property ID: RPS-23390

PROPERTY & BUSINESS SNAPSHOT

Type	Newly Fitted Modern Restaurant
Location	Rainham, RM13
Lease expiry	Ending in Sept 2038 (Inside the 1954 Act)
Rent	£40,980 + VAT p.a. exclusive
Rent review	Every 5 years with next review due in 2028
Floor area	Circa 2045 sq. ft
Covers	Circa 80 covers
Rateable value	TBC
Business rates payable	TBC
Permitted use	Restaurant (Class E)
Annual Turnover	Circa £520,000 (circa £10,000/week)
Ancillary	Extraction & premises licence
Premium	£250,000 (Lease and FF&E)

LANDLORD’S REQUIREMENTS

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

MAIN DETAILS

Newly fitted and modern restaurant in Rainham, RM13, offers approximately 80 covers across circa 2,045 sq. ft. of ground-floor space, together with a mezzanine.
The premises benefits from fully fitted commercial kitchen and premises licence.
We have been informed that kitchen is fully electric and no gas is connected at the moment.
The business generates an annual turnover of circa £520,000, equivalent to approximately £10,000 per week.
Our client manages the business with 2 full time staff and around 5 part time staff along with the owner.

THE LOCATION

The surrounding area includes residential communities, local amenities and transport connections, providing potential to attract local residents, commuters, families and private-event customers.
Its position close to the park may also support daytime café trade and social gatherings.
Few minutes away from Hounslow Central station

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.