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London Properties Are Pleased To Offer To The Market This Indian Restaurant Established In 2015 Which Has Been In The Ownership Of Our Client Since This Time for Sale

East London, London

Leasehold : £ 169,000
Turnover : £ 5,000 p.w.

London Properties are pleased to offer to the market this Indian Restaurant established in 2015 which has been in the ownership of our client since this time. Since opening the business has seen a steady increase in turnover as well as a growing loyal repeat customer base due to the range of food and the high levels of customer service. The business occupies a prominent trading position on East India Dock Road and benefits from being located in a densely populated residential area. The business benefits from being located in a high footfall area with excellent road links into Central London and the surrounding area. The nearest stations are All Saints, Poplar, Blackwall & East India DLR stations all being within close proximity numerous bus routes also service the area. Internal viewings are highly recommended through London Properties by appointment.

LOCATION: The business occupies a prominent trading position on East India Dock Road and benefits from being located in a densely populated residential area. The business benefits from being located in a high footfall area with excellent road links into Central London and the surrounding area. The nearest stations are All Saints, Poplar, Blackwall & East India DLR stations all being within close proximity. numerous bus routes also service the area

DESCRIPTION: Entrance is made into the main restaurant with a mocktail bar area to the right and a waiting area to the left. There are 80 covers in total with seating to the centre and sides. To the rear of the restaurant there is a fully fitted kitchen and toilet facilities to the right.

COVERS: There are 80 covers in total with seating to the centre and sides

BUSINESS: The business is an Indian Restaurant established in 2015 which has been in the ownership of our client since this time. Since opening the business has seen a steady increase in turnover as well as a growing loyal repeat customer base due to the range of food and the high levels of customer service. The menu offers exquisite Indian cuisine including classic dishes, chef specialties, tandoori dishes, and a grill selection. The restaurant caters for parties and functions and offers a mocktail bar service. The business offers takeaway and delivery within a 3 mile radius of the premises and uses
takeaway.com and tryfood.co.uk

USES: A3

PREMIUM: £169,000 for the benefit of the lease, fixtures & fittings.

RENTAL: £21,000 per annum

TERMS: 11 years remaining & with the current lease expiring in 2028

BUSINESS RATES: We have been advised that the current business rates payable are £7,200 per annum. However, interested parties are advised to make their own enquiries to the local authority

SIZE: Approximately 1463 sq ft

OPENING HOURS: Monday to Sunday 16.30 p.m - 23.00 p.m

STAFF: Owner managed with 6 staff

TURNOVER: Current turnover in excess of £260,000 per annum

LEGAL COST: Each party to bear their own legal costs as well as the ingoing tenant to bear landlords legal costs

LOCAL AUTHORITY: The London Borough of Tower Hamlets is a London borough to the east of the City of London and north of the River Thames. It is in the eastern part of London and covers much of the traditional East End. It also includes much of the redeveloped Docklands region of London, including West India Docks and Canary Wharf

ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 77 - D Rating. A copy of this property’s energy performance certificate can be viewed at www.london-properties.co.uk as a pdf file.

REFERENCE CHARGES: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT: A holding deposit will be required to secure the property the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT


VIEWINGS: Through London Properties by appointment only


Trading Hours: Monday to Sunday 16.30 p.m - 23.00 p.m
 
Staffing: Owner managed with 6 staff
 
Tenure: 11 years remaining & with the current lease expiring in 2028
 
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58 Advert ID 48325    Sellers Ref : E14 0EG/BSOL

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