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Restaurant

Restaurant
Added > 14 days

Features and description

Situated on the vibrant Churchfield Rd, this corner restaurant benefits from great footfall and excellent transport links. It is currently trading as an Indian restaurant, but it could be converted to any other type of food business. Good size at 1,260sqft over ground floor & basement. Premium £75,000

Description:
Approx. 1,260 sq ft (ground floor 690 sq ft and basement 570 sq ft). The property is currently trading as an Indian restaurant, and holds an A3 license (New E Class Use). Further benefits includes a side entrance for deliveries & staff and 2 x W/C (male and female).

Overall, this is a great opportunity to acquire a well-located and rare A3 corner restaurant. The property has a lot of potential.

Lease:
10 years remaining (renewable), current rent: £19,500pa

Services:
Full repairing and insuring lease

Premium:
£75,000 including goodwill, fixtures and fittings. The premium is based on refurbishment cost, location and business trade value. Rent reviews will be based on the condition prior to any works.

Rates:
The rateable value = £16,750 (before any reliefs or discounts). Interested parties must verify these figures with London Borough of Ealing.

Legal costs:
Each party to be responsible for their own legal costs incurred in the transaction. The incoming tenant covers landlord's legal fees.

Viewing:
Strictly by appointment only STAFF NOT AWARE.

Property information from this agent

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About this agent

Citydeal Estates - Acton
Citydeal Estates - Acton
115 Churchfield Road Acton W3 6AH
020 8896 0800
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