Property description

Ranson UK are proud to present this exquisitely refurbished A3/A5 restaurant with high earning potential based on an extremely high footfall along a busy high road.

The premises comprises of 70 seats with a mocktail bar area, a dining area, a kitchen, additional storage space and three WC’s.

Further benefits include over 1,500 sq ft of space, an open lease with 8 years remaining, low business rates (benefits from small business relief) and a recent refurbishment throughout.

The area boasts strong transport links such as the DLR at All Saints and the Jubilee Line at Canary Wharf station providing easy access to and from the city.

Accommodation

Restaurant:
Width/Frontage: 18” approx
Depth: 57“approx
Restaurant size: 1,027 sqft approx

Storage One:
Width/Frontage: 7” approx
Depth: 8“approx
Storage size: 55 sqft approx

Storage Two:
Width/Frontage: 7” approx
Depth: 8“approx
Storage size: 55 sqft approx

Kitchen:
Width/Frontage: 17” approx
Depth: 13“approx
Kitchen size: 225 sqft approx

Total accommodation size: Over 1,500 sq ft

Tenure
Leasehold/Lease Assignment

Lease Term/Commencement
Our client wishes to assign the lease which has 8 years remaining approximately.

Rent
£21,000 Per Annum

Premium
£160,000 New Premium: £140,000

Legal Fees/Cost
Each party are to bear their own legal cost

Rates
We have been advised by the client that the current rates payable are £1,200 per annum. However, all interested parties are encouraged to make their own enquiries with the London Borough of Tower Hamlets.

Viewings
By Prior Appointment through sole selling agents Ranson UK LTD.

Email: enquiries@ranson.co.ukTel: 0207 538 4057

Property Features :

• A3 / A5 Licensed Premises
• Over 1,500 sq ft
• Open lease with 8 years remaining
• Three WC´s
• Low business rates