Guide Price £1,500 pcm New Instruction

Guide Price £1,500 pcm - Available Now - Part Furnished


  • 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
  • £16,500.00 PER ANNUM RENT
  • 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.



Deposit: £4,500.00

Minimum Tenancy : 12 months

Notice
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Utility Supply Type
Electric Mains Supply
Gas None
Water Mains Supply
Sewerage None
Broadband None
Telephone None

Other Items Description
Heating Gas Central Heating
Garden/Outside Space No
Parking No
Garage No

Broadband Coverage Highest Available Download Speed Highest Available Upload Speed
Standard 19 Mbps 1 Mbps
Superfast 80 Mbps 20 Mbps
Ultrafast 1000 Mbps 100 Mbps

Mobile Coverage Indoor Voice Indoor Data Outdoor Voice Outdoor Data
EE Enhanced Enhanced Enhanced Enhanced
Three Enhanced Enhanced Enhanced Enhanced
O2 Enhanced Enhanced Enhanced Enhanced
Vodafone Enhanced Enhanced Enhanced Enhanced

Broadband and Mobile coverage information supplied by Ofcom.


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