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