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0 bed property

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Listed May 14, 2024

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£1,375

Let agreed

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020 8590 1499

By Stonebridge London Ltd

Description

" Here`s a rare opportunity to lease a well-established restaurant that has been thriving for over 40 years in the same location. The current owners are retiring, and this restaurant has been a consistent source of income and stability for their family.

This restaurant comes fully equipped and operational, featuring a kitchen, tables, and chairs that can accommodate up to 40 guests. The kitchen includes top-notch features like extractor hoods, refrigeration units, and freezers.
Situated in the heart of Romford town centre, this property offers an open-plan dining area seamlessly connected to a well-equipped kitchen and prep room. Additionally, you`ll enjoy convenient amenities such as rear parking, customer and staff restrooms, a storage room, and a serving bar. Don`t miss the chance to explore this exceptional restaurant opportunity.

Here are some key financial details:

Monthly earnings averaging ?30,000
No business rates
Annual rent of ?16,500

The current lease is valid until 2027 with a guaranteed option for renewal.

In addition to the rent, there is a one-time premium of ?75,000 (Negotiable) required to secure the extensive inventory of fixtures and fittings.

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All photographs are provided for guidance only.

Redress scheme provided by: The Property Redress (PRS008986 )
Client Money Protection provided by: Client Money Protect (CMP004108)

Council Tax
London Borough of Havering, Business Rates "