Shop to rent
Property description & features
- A3 Take Away
- Double Fronted Retail: 24.9ft Frontage
- Area : 1,684 sa ft approx
- Premium : £100,000
- Lease: 20 Years from October 2017
- Rent : £32,500 per annum
- Takings: £4,500-5,000pw (unverified)
- Standard references required
- In going Tenant is liable for L/L solicitors costs
- Close to Town Centre
The retail frontage is approximately 24.9 ft (7.59m) with a total front retail area of 835.64sqft (77.6sqm). There additional kitchen, food preparation, and 2 x customer wc units comes to a total of 845.22sqft (78.5sqm). The lease commenced on October 2017 with a term of 20 years with 4 yearly rent reviews. The rent is currently £32,500 per annum.
The leaseholder is seeking £100,000 premium for the leasehold interest, fixture and fittings and going-concern.
In going tenant is liable for landlord solicitor costs and standard referencing costs apply.
Location
The property is located with frontage to Barking Road in East Ham. The premises has a prominent frontage which is very visible from the thoroughfare.
East Ham is a suburban district of London, England, and part of the London Borough of Newham. It is a built-up district centred 8 miles (12.8 km) east-northeast of Charing Cross. The area is identified in the London Plan as one of 35 major centres in Greater London.
Description
The property comprises a ground floor A3 retail premises with front retail sales area, customer wc facilities, large commercial kitchen, food preparation area, storage area, and access to rear yard.
The equipment includes, but not limited to, commercial extractor hood, cold storage fridge, donner grill, general grill, EPOS system, and other commercial kitchen equipment. Interested parties are responsible to catalogue and confirm chattels prior to placing an offer.
Accommodation
Frontage 24.90ft / 7.59m
Ground Floor Sales Area 835.6sqft / 77.5sqm
Kitchen and Prep Area 848.4sqft /78.8sqm
WC Facilities
There are approximately 56 covers in this restaurant. The above floor areas are approximate and have been measured on a net internal basis.
Business Information
Oakville Real Estates have been advised that the current takings are between £4,500-£5,000 per week. These are unverified and any interested parties are encouraged to conduct their own due diligence to satisfy themselves of this statement.
Terms
This premises will be held on an FRI lease for a term of 20 years from October 2017 with a 4-yearly rent review period.
Rent & Premium
The expected rent will be £32,500 per annum exclusive and there is a premium of £100,000 for the leasehold interest, fixture and fitting and going-concern.
VAT
All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.
Energy Performance Certificate
The EPC is rated D.
Legal Fees & Referencing Fees
Ingoing tenant to pay reasonable Landlords legal costs. Ingoing tenants are also responsible for the referencing fees (terms and conditions apply)
Viewing
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on[use Contact Agent Button].
Property information from this agent
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