Description

Fully Fitted Restaurant for Sale in Walthamstow with two extractions

Property ID: RPS-22829

PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.

MAIN FEATURES

Two extractions offering great potential to operate multiple kitchens
Fully fitted restaurant for sale
Circa 2,000 sq. ft with 100 covers restaurant
Premium & neutral decor, ideal for any restaurant
Corner unit with great visibility
Gas, extraction & three phase electricity in place

LANDLORD’S REQUIREMENTS

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

LEASE DETAILS

Lease: Ending Sept 2039 (Inside LTA 1954 Act)
Current Rent: £57,000 per annum
Rent review: Every 4 years
Next rent review: September 2027
Premium: £259,000 (Business, Lease & fixtures and fittings)

THE PREMISES

Circa 1862 sq. ft with 100 covers
Two extractions in place
Gas & three phase electricity
Rateable Value: 29,750
Currently paying discounted rate circa £8,000/annum (TBC)

THE BUSINESS

Gross Revenue: We have been informed that the business generates gross revenue of circa £8,000 to £10,000/week
Our client manages the restaurant with 6-7 staff members.

THE LOCATION

High street location in East London
Street parking available

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.