Restaurant for sale

Ilford Lane, Ilford, Essex, IG1


£380,000
S.O.A.

Features

  • Air conditioning
  • Fully refurbished
  • Good transport links
  • Shower room
  • Tenure: Leasehold

Description

We, The ReMax Star Office delighted to present this property is currently structured as a One Owner-Occupier (Lease Hold A3 Licence,) Commercial Unit with the Business running on the ground floor.

With over 3000 Square feet of space, you can continue to run the business with takings of over £18000.00 Per week (i.e. £65000-75000 PM) from the Restaurant business.

Business:

The Subject Business is Trading as a successful Restaurant and Cafe with a strong consistent local customer base. The business also derives a good income with takings of over £18,000.00 PW.

Premises:

The Property with plenty of space for sitting comprises one unit. The Spacious premises consist of over 3000 Sq. ft, with ample outdoor space for taking in Deliveries, Extended space for Shisha smokers along with the extended space for entertainment, etc. All of the appliances will remain in the property for the convenience of the buyer.

Location:

This Cafe and Restaurant located on the extremely busy Ilford Lane, Ilford Essex, about 0.5 miles from Ilford British Rail Station and 0.6 miles from Barking Under Ground Station.
The property is exposed to its maximum potential with tens & thousands of people walking by daily, School is just down the road, you have exposure to very 5000 students each weekday alone. Being a central location, surrounded by Schools, industrial and commercial places, the public transport, parking space, & heaps of local amenities you are conveniently placed for traveling as well as for bringing in business.

Commercial Information:

The property consists of ground floor Cafe & Restaurant with large working Space, Display Unit Sitting place out for about more than 170 Seating places for the Customers along with the outer Glass Sitting place of more than 60 Customers for smoking, Shesha, etc, and a Spacious floor and musician space for entertainment of the customers, An Office space. Toilets and Refreshment space for the Customers along with Prayer Room, Disable handicap customer's toilet available.

On the back of the Restaurant, there is big storage for deliveries. Kitchen and workplace for the staff. About more than 13 Staff including 4 Chefs, one butcher, cleaners, attendants, Manager, etc.

Key Features:

-*- Substantial Commercial Space with Kitchen.
-*- Space of sitting for more than 200 customers.
-*- Shesha and Entertainment place
-*- Office at the back.
-*- Prayer Rooms for both Ladies and Gents, Toilets with the Restaurant at the back with the
facility for disabled customers.
-*- Delivery Storage place with vaults.
-*- Open space for sitting/parties for more than 30 people on the top of the Restaurant.
-*- Exceptional location along a busy road.
-*- 3-5% Yield at asking price.
-*- All the equipment new, 4 ACs. Refurbished recently.
-*- Weekly income from the Restaurant is £17000.00 to 18000.00.
-*- Rent of the Restaurant is £65000.00.
-*- Business Rates 33000.00 pa.
-*- Electricity Gas and Water Charges approximately £650-850 per quarter in a year.
-*- Lease remaining is up till 19 years and renewable.

T
Please call ReMax Star in order to arrange a viewing.
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Notice:
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigations into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Categories

Restaurants
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Property reference
000054802_10983