Sushi Takeaway for Sale in Brick Lane

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MAIN FEATURES

• Sublease Assignment
• High Passing Trade
• No Gas, Electric Only
• Three Phase Electric Supply

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LEASE DETAILS 

• Sublease
• Ending July 2039 (Outside the LTA 1954)
• Rent: £31,800 pax
• Rent Review: 3 yearly
• Next Rent Review: June 2025
• Premium: 78,000 (Lease and FF&E)

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LANDLORD’S REQUIREMENT (For Assignment)

• 3-6 Month’s Rent Deposit Required (subject to references)
• Personal Guarantor may be required
• Bank, Trade & Accountant’s Reference required
• Evidence of financial credibility

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PREMISES

• Takeaway Use
• Extraction in Place
• Rateable Value: 30,265 (Payable: Circa 15,000/annum)
• Area: Total Circa 697 sq. ft
• Ground Floor: 452 Sq. Ft (Retail & Kitchen)
• Basement: 245 Sq. Ft (WC & Storage)
• Benefits from Extraction & Gas Connection (Gas not used, only Electric Equipment)

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THE LOCATION

• Brick Lane, East London
• 5 Minutes from Spitalfields
• Busy Street with High Passing Trade
• Half a mile from Liverpool Street
• Immediate units occupied by independent retailers

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TRADING

• Currently Trading as a Sushi Takeaway
• Gross Turnover: Circa £5,000 (£260,000/annum) (As per the seller)
• Staff: TBC

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REASON FOR SALE

• Other Business

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VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are 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.