Restaurant/cafe for sale

£130,000 (£56.52/sq. ft) Offers in region of

Old Church Road, Chingford E4

Restaurant/cafe for sale 2,300 sq. ft*
Interested in this property? Call +44 20 8115 0583 * or Request Details

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Property description

Restaurant premises with kitchen, storage, male and female wc's and 2 allocated car parking spaces which can be accessed via a service road to the rear also facilitating loading and unloading.

The premises is situated Situated on Old Church Road (A112) in Chingford, East London. Old Church Road leads into Chingford Mount Road, forming the main shopping and commercial area in South Chingford. To the South, the A406 North Circular Road can be reached in approximately 5 minutes by car. A number of restaurants, cafes, banks and multiple retailers such as Lloyds tsb, hsbc, Costa Coffee and Ladbrokes are located in the immediate vicinity of the demise.

The premises is offered by way of business transfer or an assignment of the existing lease which is to expire September 2031. Such lease is inside the provisions of the Landlord and Tenant Act 1954 governing Security of Tenure.

Passing rent is £32,500 per annum exclusive of all outgoings, payable quarterly in advance on the usual quarter days. No VAT

Premium of £120,000 sought in consideration of fixtures and fittings, goodwill and benefit of the renewable lease.

Full inventory available upon request

Property info

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Taylor Freeman Kataria, IG1 on +44 20 8115 0583 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Taylor Freeman Kataria, and do not constitute property particulars. Please contact Taylor Freeman Kataria for full details and further information. The Running Costs data displayed on this page are provided by Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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