Restaurant for Sale in Walthamstow, Waltham Forest

  • Premium £130,000
  • £13,000/Annum
Walthamstow, London, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Restaurant for Sale in Walthamstow, Waltham Forest

Walthamstow, London, UK
  • Premium £130,000
  • £13,000/Annum

Description

Restaurant for Sale in Walthamstow, Waltham Forest

Introducing an exceptional opportunity to acquire a restaurant established over 9 years in the vibrant neighborhood of Walthamstow, London. Nestled within a bustling and diverse community, this restaurant has become a beloved dining destination for locals and visitors alike. Suitable to turn into a daytime cafe or a restaurant of any kind.


MAIN FEATURES

  • Suitable for Cafe or Restaurant
  • Benefits from Premises Licence
  • Suitable for any kind of restaurant or cafe
  • Circa 945 Sq. ft

LANDLORD’S REQUIREMENTS

  • Three to Six month’s rent deposit subject to references
  • Proof of funds
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease: TBC (Inside the Act 1954)
  • New Rent: £13,000 PAX
  • Rent Review: Every 5 years
  • Next Rent Review: TBC
  • Premium: £130,000 (Business, Lease & FF&E)

THE LOCATION

  • E17 Walthamstow, Waltham Forest
  • Busy Street with Footfall
  • Immediate Units occupied by national as well as independent retailers

This restaurant is ideally situated in Wood Street, part of a vibrant district of Walthamstow in northeast London, is a bustling and culturally diverse neighborhood that offers a unique blend of history, community spirit, and modern urban living. This dynamic area is known for its vibrant atmosphere, diverse range of shops, eateries, and its commitment to the arts. Here’s a description of what you can expect when exploring Wood Street.


TRADING & FINANCIALS

  • Gross Sales Revenue: Circa £3,000 to 3,500 per week (£182,000/year) (As per the seller)
  • We have been informed that the restaurant currently operates with 2 full time and 2 part time staffs including one owner

THE PREMISES

  • Total Area Circa 945 sq. ft (Ground Floor)
  • Covers: 35 to 40
  • Rateable Value: £16,000 (Payable Rates in 2023: £1,314/year)
  • Alcohol Licence
  • Wood fired pizza oven
  • Benefits from Three Phase Electric supply
  • Fully equipped commercial kitchen

VIEWINGS & CONFIDENTIALITY

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

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.

Details

Updated on May 29, 2023 at 2:24 pm
  • Price: Premium £130,000
  • Size: 945 Sq. Ft
  • Covers: 40
  • Use: Restaurant
  • Type: RESTAURANTS, CAFES
  • Status: AVAILABLE

Overview

  • RESTAURANTS, CAFES
  • Type
  • 945
  • Sq. Ft

Contact Information

RPS_Agent
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