Restaurant Business for Sale in Pitshanger Lane, Ealing

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The property is situated in a busy parade of Pitshanger Lane, Ealing just a mile away from Ealing Broadway. The ground floor accommodates a fully functional restaurant with 54 covers, bar, extended kitchen and storage. The upper part consists of a large 1-Bed flat with high loft and is currently used for staff accommodation. There is no separate access for the flat but can be built from the front or the rear of the property, subject to planning.

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MAIN FEATURES

• Grant of New 15 Years Lease
• Fully Functional Restaurant
• Situated in London’s Best High Street Winner 2016
• Ground Floor Restaurant Circa 1,181 Sq. ft
• First Floor: Large 1-bed Flat currently used as staff accommodation
• No Separate Entrance for the First Floor but can be built from front & rear (STPP)
• Shop Front: Circa 16.10 ft

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LANDLORD’S REQUIREMENTS

• Rent deposit subject to references
• Personal Guarantor subject references
• Proof of funds
• Accountant’s references
• Trade references

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LEASE DETAILS

• Lease: Grant of 15 years FRI Lease (Inside the Act of 1954)
• Rent: £35,000 PAX to be reviewed every 5 years
• Premium: £150,000 (Business, Lease & FF&E)

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THE PREMISES & TRADING

• Currently trading as Restaurant
• Circa 54 covers restaurant
• Circa 1,181 sq ft
• Extended commercial kitchen & storage
• Premises license in place
• We have been informed the restaurant business generates gross revenue of circa £7,000/week (£364,000/year)
• Popular Local Restaurant

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FIRST FLOOR

• Large 1-Bed Flat with high loft (Large Living Room, bedroom & Bathroom)
• NO Separate Entrance
• Benefits from Central Heating
• NO Kitchen, but space to create

Currently the first floor flat is used as staff accommodation and does not have separate access. It consists of one large living room, 1-bedroom, bathroom and storage. Subject to planning approval, a separate entrance can be created from the front or rear of the property along with addition of a new room on the loft.

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THE LOCATION

• Pitshanger Lane, Ealing W5
• Ealing Broadway: 1 mile
• Ample street and side road parking available

  Pitshanger Lane is one of the busiest road in Ealing and is only a mile away from Ealing Broadway. It is home to over 50 independent retailers and is the proud Winner of the Best High Street in London 2016 .

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

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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.