Property description

Ranson UK are pleased to offer this opportunity to acquire a large A3 licensed restaurant and desert parlour on the popular and sought after Hoe Street E17. Hoe Street is the home to many household brands including Cake Box and HSBC. The unit is in good condition and benefits from a seating area and two kitchens, the unit has two sections and one part is running a Turkish Restaurant and the other a dessert parlour, there is potential to separate. Our client is offering an existing lease with 14 years remaining, current rent is only £14,000 per annum. The premium includes two commercial units, the furnishings and equipment worth approx £70,000.

The property is situated in the heart of Walthamstow’s Hoe Street, a short walk to Selborne Walk Shopping Centre and Walthamstow Central train station. Hoe Street is one of the busiest roads in Walthamstow and benefits from high footfall.

Accommodation

Total accommodation size: 1,267 sq ft approx.

Lease Term/Commencement

Our client wishes to assign an existing lease with 14 years remaining.

Business rates

Our client had advised us, the current business rate is £5,500pa.

Asking Price

£110,000 Premium

£14,000 Rent

Legal Fees/Cost

Each party are to bear their own legal costs.

Viewings

By prior appointment through Sole selling agents Ranson UK LTD.

Email: enquiries@ranson.co.uk

Tel: 0207 538 4057

Ranson UK Limited their clients and any joint agents give notice that:

1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Ranson UK Limited have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise

Property Features :

• HIGH FOOTFALL LOCATION (CLOSE TO WALTHAMSTOW CENTRAL)
• EQUIPMENT WORTH £70,000
• CORNER UNIT
• HIGH FOOTFALL
• LOW RENT