Property description

LICENSED GREEK RESTAURANT & TAKEAWAY ‘The Corinthian Restaurant’
Ilford, Essex. Leasehold £100,000 plus SAV.

Consistently high levels of turnover on five evenings per week
A prime metropolitan town centre trading position,
Stylish and spacious 100-cover parade premises
Huge scope for extended hours etc, Adaptable to host of alternative culinary styles
Widespread local reputation and regular customer base
Popular function and live music entertainment venue
Valuable inventory of equipment included,
Sensibly priced for quick genuine retirement sale
Viewing highly recommended

Financial Information
Current average weekly takings in the region of £5,000 (dry/wet split to be advised) with huge scope to
increase.

Lease
The premises are being offered with the benefit of a long secure 20-year free-of-tie lease issued by a
private landlord with approximately 4 years of the current term remaining (reviews to be advised).

Rent
The current rent stands at £18,400 per annum.

Business Rates
We are advised that the business rates payable currently stand at approximately £6,500 per annum.

Trading Hours
Tuesday, Wednesday & Thursday 6pm to 1am
Friday & Saturday 6pm to 2am
Sunday & Monday CLOSED

PROPERTY DESCRIPTION
Fitted and presented to high trade specifications throughout, these substantial and well maintained
leasehold terraced parade premises provide excellent and highly functional internal business
accommodation which, to the ground floor, briefly comprises an inviting glazed public entrance directly
off Eastern Avenue (A12) into a welcoming reception bar area, which houses a prominent, fully fitted
free-of-tie licensed servery with full range of chilled bottle display cabinets, bottle and glass display and
storage shelving and electronic till point etc.
The reception bar area, in turn, opens onto the main, spacious and well appointed air-conditioned
customer service and dining area with stylish loose furnishings for approximately 100 covers for the
provision of a full and varied menu of classic a la carte Greek and Mediterranean cuisine, which includes
a large dance floor area and a fully equipped stage area for entertainment purposes.
Further ancillary business accommodation to the ground floor consists of all the usual separate male
and female washroom/WC facilities for customers and staircase access to a large mezzanine level
employed for general storage purposes.


Further business accommodation to the first floor consists of a large, fully fitted and extensively
equipped commercial kitchen with extraction system housing ample stainless-steel work surfaces,
storage units, a fully equipped preparation/washing-up kitchen area, a large walk-in refrigerator/freezer
storage unit and a full range of modern, high quality catering appliances including 1 x 6 burner oven and
hob, 1 x 4 burner oven and hob, 1 x hot plate, 1 x griddle, 1 x meat slicer and various refrigerator/freezer
storage units, all of which we understand is to be included in the sale price and further details of which
will be made available upon request to any genuine interested parties.
To the second floor the property provides potential living accommodation ideal for private or staff
purposes, which we understand requires a full programme of refurbishment and consists of a goodsized
lounge and a domestic kitchen area, together with two bedrooms and a bathroom/WC.
Externally
Occupying an outstanding trading position with excellent access to the national motorway network (M11
& M25) on the busy main A12 through the densely populated metropolitan satellite town of Ilford, near
Barking in the Essex quarter of Greater London, to the exterior the premises are well signed and
presented and afford ample and inviting display window space onto a high footfall commercial
thoroughfare.
For further information, why not visit the business’ website at:-
www.corinthianrestaurant.co.uk
Fixtures & Fittings
The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale
price.
Viewing and Confidentiality
All arrangements to view are strictly by an appointment through the offices of Hansons Estates and no approaches
whatsoever should be made to the owner or the business. For an appointment to view please telephone
02085901222

Property Features :

• LICENSED GREEK RESTAURANT & TAKEAWAY
• Consistently high levels of turnover on five evenings per we
• A prime metropolitan town centre trading position,
• Stylish and spacious 100-cover parade premises
• Widespread local reputation and regular customer base