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Greater London, E1 4AA

Leisure for rent

-
£40,000
Per annum
SOA
Space

LEASE FOR SALE - £150,000

Lease for sale for large restaurant within a converted pub spread over 3 levels and over 3200 square feet.

Details - LOCATION

Located on the busy stretch of Mile End Road close to both Stepney Green and Mile End Underground Stations.

Queen Mary University campus is located just a short walk giving a perfect opportunity for regular custom.

The direct area has undergone a big change in the last few years with the opening on the new Crossrail Link due to open late 2019:

http://www.crossrail.co.uk/route/stations/whitechapel/

A brand new 88 room Travelodge Hotel is also due to open in 2019 which is located just a few moments walk from this property.

www.lpcliving.co.uk

DESCRIPTION

LEASE FOR SALE - £150,000

11 years remaining on lease (currently £40,000+vat per annum).

The property is spread over 3 levels (approx 3200sqf) and has had a extensive refurbishment throughout. ACCOMMODATION

The ground floor features seating for 45, bar area, bespoke clay oven and access to fully equipped kitchen. The area male and female W/C's located to rear.

The lower floor features additional eating for 35, built in bar and 2nd kitchen/preparation room.

The 1st floor includes a large function room, 2 w/c's and rear storage room which has access to outside space. TERMS

11 years remaining on lease.

Rent paid per quarter.

No break clause.

£5000 deposit. OUTGOINGS

£10,000 per annum.VAT

The property is subject to VAT. (currently £40,000+VAT)LEGAL COSTS

Each party to cover their own legal costs.SERVICE CHARGE

N/AVIEWING

Viewings are strictly by appointment only.

Listed Features

  • Storage
  • Restaurant
  • Restaurant
  • Refurbished
  • Pubs/Bars/Clubs
  • Multiple floors
  • Kitchen
  • Hotel
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