RM1 2JA

Key Features

• Gross Weekly Turnover £5,000-£7,000

• Upper parts income producing £33,600 per annum

• Fully Equipped Bar

• Fitted Kitchen

• Rear Access

• Chillers/Coolers

• CCTV

• ATM income producing £200-£250 pcm

• Alcohol License

• Electric Shutters

• Suspended Ceiling

Location

The premises is situated along the busy part of Victoria Road in the heart of Romford, within a large parade of shops of mixed uses. Within walking distance Romford Station serves frequent train journeys to Stratford and several bus routes are available from Romford's bus garage. The main town centre of Romford is also walking distance from the premises

Accommodation

Ground floor restaurant with A3/A5 consent with storage, WC, and rear access. To the upper floors accommodation comprises of 2 x 2 bedroom self-contained flats. Approximate areas and dimensions are as follows:

Net Frontage 17' 10" ( 5.44 m)

Retail Depth 37' 3" ( 11.35 m)

Sales Area 609 sq.ft ( 56.58 m2 )

Storage 67 sq.ft ( 6.22 m2 )

Kitchen 184 sq.ft ( 17.09 m2 )

Total 860 sq.ft ( 79.90 m2 )

Lease Terms

The premises are offered by way of an assignment of the existing lease which is understood to expire in 2034. Such lease as existing is within the provisions of the Landlord and Tenant Act 1954 governing Security of Tenure. The first floor and second floor consists of 2 x 2 bedroom self-contained flats both let on separate ASTs paying £1400 per calendar month.

A premium is sought in consideration of the goodwill of the business, fixtures and fittings and the benefit of the renewable lease.

A full inventory is available upon request.

Price

£30,000 per annum exclusive of all outgoings, payable quarterly in advance on the usual quarter days.

Rates

Rateable Value £14,750

UBR 2018/19 47.5p

Rates Payable £7,006.25

Interested parties are advised to verify these figures with the London Borough of Havering on