Chingford Restaurant

Key Features

• Outside Seating
• Fully Fitted Restaurant
• Alcohol Licence
• Close to Transport Links

Description

Fitted out to an excellent standard as a Restaurant arranged over ground floor plus additional outdoor seating on the front terrace. The premises provide accommodation for a total of 82 covers internally.

Available area

The accommodation comprises the following areas:

Location

The premises is situated in a good location of Chingford, positioned on Station Road and close to many national and independent retail and restaurant operators. Transport links are
excellent and is close to the many amenities provided by the area.

Tenure

An assignment of the existing lease expiring in January 2039 subject to 5 yearly rent reviews. Next rent review is 2024. The Lease is drawn inside the security of tenure
provisions of the Landlord and Tenant Act 1954.

Passing Rent

£25,000 per annum exclusive, Next rent review is August 2024 rising to £30,000.

Premium

Offers in the region of £100,000.

VAT

May be applicable to the premium and rent.

Planning/Licence

Benefits from E Class planning use with a premises licence is in place permitting the sale of alcohol with the provision of table meals. The opening hours of the premises are: Monday to Saturday: 10.00am - 12.00 am & Sunday: 12.00pm - 23.30pm.

Confidentiality

This letting is highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of an impending closure.

Holding Deposit

A holding deposit will be required to secure the property; the deposit will buy a period
of exclusivity and will be held in the CDG Leisure client account