Description

Restaurant for Sale in Walthamstow, Waltham Forest

Introducing an exceptional opportunity to acquire a restaurant established over 9 years in the vibrant neighbourhood 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.

Property ID: RPS-20149

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: Ending 2028 (Inside the Act 1954)
New Rent: £17,000 PAX
Rent Review: Every 4 years
Next Rent Review: March 2028
Premium: £110,000 (Business, Lease & FF&E)

THE PREMISES

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

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 neighbourhood 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

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.