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For Sale£50,000.00
OR
For Rent£17,940.00 Per Annum

Indian restaurant and takeaway A3/A5 lease for sale in Ilford

Restaurant/Cafes , 800 Sq Ft
Property type: Restaurant/Cafes
Tenure: Assignment, Business for sale, To Let, For Sale Leasehold
Size: 800 Sq Ft
Price: £50,000.00
Rent: £17,940.00 Per Annum
Location: Eastern Avenue, Ilford, IG2 7JD
Garrison are delighted to offer this A3/A5 lease for sale in Ilford. The business is currently running as an Indian restaurant and takeaway.

BUSINESS:
The shop is currently trading as a A3/A5 Indian restaurant and takeaway and has been well established for a number of years, meaning it has a very good and loyal client base. Any potential buyers will be able to continue to run the business as an Indian restaurant or there is scope to change the cuisine offered entirely. The business derives its income from both the sit in trade and also takeaway offering a collection and delivery service. The restaurant is also currently used for functions.

PREMISES:
This is a large ground floor restaurant premises that currently has space for 40 covers. The property has undergone recent refurbishment and had plenty of scope to expand. There is a bar area, serving areas and a WC and the premises provides access for wheelchair uses. Due to the frontage and location of this restaurant in provides an excellent opportunity for potential new owners. There is free parking after 6PM and on weekends as well as pay and display in front on the unit.

LOCATION:
The property is located on a very busy road in Ilford, close to Newbury Park station. There is excellent transport links available in the area and the unit is close to all local amenities. The local area has been developed over the recent years and there are further plans for more development in the surrounding area.

RENT:
£17,940 per annum

RENT REVIEW:
We have been advised that the next rent review is in 4 years' time.

PREMIUM:
£50,000 includes all fixtures and fittings as seen in the premises. This also includes brand to date and the possible transfer of a third party online ordering system subject to terms and conditions. The business also comes with 2 sets of lucrative telephone numbers for the new owners use.

LEASE:
We have been informed that there is 7 years remaining on the lease and that it is an open lease.

RATES:
Potential purchasers are to confirm with the local council.

SIZE:
825 sq ft (Approx)

VIEWINGS:
To be done via Garrison Property only.

SPECIAL REMARKS:
This is a great opportunity to take over a well-established business that has been trading in the area for a number of years. There is a great potential for someone to expand the business or change the style of cuisine. The owner is only selling due to retirement.

Disclaimer

Garrison Property endeavours to maintain accurate depictions of its properties in descriptions, however, these are intended only as a guide. These particulars do not constitute or form part of any offer or contract, nor may they be regarded as representations. All interested parties must verify their accuracy. Whilst every effort has been made to ensure accuracy this cannot be guaranteed.
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