Property to rent in Romford

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Price: £1,375 Monthly

This Property is Markted By :

Stonebridge London Ltd
241E High Street North, London, Manor Park, Greater London, E6 2HT

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Property Reference: 2399

Full Property 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

Property Features:

Establish over 40 years
Regular custom via footfall, Just Eats
Excellent Goggle rating & Just Eat rating
Well know and establish location
Business has embrace local community and well respected
?16,500.00 PER ANNUM RENT
Rateable value ?11,500 - Quilting 100% rate relief
A renewable lease in place till 2027 or new lease can be acquired

Property Brochure:

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Energy Performance Certificates (EPC):

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Floorplans:

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Agent Contact details:

Company:

Stonebridge London Ltd

Address:

241E High Street North, London, Manor Park, Greater London, E6 2HT

Telephone:

Click to Show Agents number

Website:

http://www.stonebridgelondon.co.uk

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