No longer on the market
This property is no longer on the market
MapProperty
Property
Features and description
- Establish over 40 years
- Regular custom via footfall, Just Eats
- Excellent Goggle rating & Just Eat rating
- Well know and establish location
- Business has embrace local community and well respected
- Rateable value £11,500 - Quilting 100% rate relief
- A renewable lease in place till 2027 or new lease can be acquired
Here's a rare opportunity to lease a well-established restaurant that has been thriving for over 40 years in the same location. The current owners are retiring, and this restaurant has been a consistent source of income and stability for their family.
This restaurant comes fully equipped and operational, featuring a kitchen, tables, and chairs that can accommodate up to 40 guests. The kitchen includes top-notch features like extractor hoods, refrigeration units, and freezers.
Situated in the heart of Romford town centre, this property offers an open-plan dining area seamlessly connected to a well-equipped kitchen and prep room. Additionally, you'll enjoy convenient amenities such as rear parking, customer and staff restrooms, a storage room, and a serving bar. Don't miss the chance to explore this exceptional restaurant opportunity.
Here are some key financial details:
Monthly earnings averaging £30,000
No business rates
Annual rent of £18,000
15 YEAR LEASE OFFERED.
In addition to the rent, there is a one-time premium of £70,000 (Negotiable) required to secure the extensive inventory of fixtures and fittings.
what3words /// apples.joins.melon
Notice
Lettings
Stonebridge also offer a professional Lettings and Management Service. If you are considering renting your property, to purchase or are looking at buy to let investments or would like a free review of your current portfolio then please call the lettings manager.
Agents Notes
All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building regulations compliance. These do not constitute or form part of an offer or contract nor may be regarded as representations. All interested parties must themselves verify their accuracy.
This restaurant comes fully equipped and operational, featuring a kitchen, tables, and chairs that can accommodate up to 40 guests. The kitchen includes top-notch features like extractor hoods, refrigeration units, and freezers.
Situated in the heart of Romford town centre, this property offers an open-plan dining area seamlessly connected to a well-equipped kitchen and prep room. Additionally, you'll enjoy convenient amenities such as rear parking, customer and staff restrooms, a storage room, and a serving bar. Don't miss the chance to explore this exceptional restaurant opportunity.
Here are some key financial details:
Monthly earnings averaging £30,000
No business rates
Annual rent of £18,000
15 YEAR LEASE OFFERED.
In addition to the rent, there is a one-time premium of £70,000 (Negotiable) required to secure the extensive inventory of fixtures and fittings.
what3words /// apples.joins.melon
Notice
Lettings
Stonebridge also offer a professional Lettings and Management Service. If you are considering renting your property, to purchase or are looking at buy to let investments or would like a free review of your current portfolio then please call the lettings manager.
Agents Notes
All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building regulations compliance. These do not constitute or form part of an offer or contract nor may be regarded as representations. All interested parties must themselves verify their accuracy.
About this agent
There really is no substitute for the value that an experienced estate agent can bring to the sales process. We have been selling and letting property in Newham and the surrounding areas for over 30 years combined and we know how to obtain the best prices for our clients no matter what the market is doing. You won’t find us chopping and changing our staff every few years which means for those customers who come back to us several years later you will often end up dealing with the same person as before. With longevity comes experience, and with experience comes the knowledge and understanding of how to deal with the ups and downs and vagaries of the property market.