Fully Fitted Restaurant/ Bar in Loughton

Key Features

• Affluent Neighbourhood
• Fully Fitted Kitchen With Extraction
• 125+ Covers
• Fitted Bar
• Outdoor Seating
• Premises Licence in Situ

Description

The premises comprise a high-spec fully fitted restaurant and bar accommodating 110 covers, and a forecourt for an additional 16 covers. The premises is configured over ground floor only, with dining to the front and steps down at the rear leading to the back of house space including staff areas, toilets and the kitchen itself. The site also benefits from a wood-fired pizza oven.

Available area

The accommodation comprises the following areas:

Location

The premises are located in an affluent area on the High Road, with great footfall throughout the day and an abundance of restaurants/cafes operating in the immediate vicinity. These include Nando's, GAIL's, The HollyBush and KFC to name just a few. Loughton Underground Station is located just 0.3 miles away, with access to the Central Line.

Tenure

An assignment of the existing lease expiring in 2041. The Lease is drawn within the security of tenure provisions of the Landlord and Tenant Act, 1954.

Rent

£32,500 per annum exclusive.

Premium

Offers in region of £89,500

Licence / Planning

The premises benefit from E Class planning, with a premises licence allowing the sale of alcohol until 11 pm, Monday to Sunday.

VAT

All prices quoted may be subject to VAT if applicable.

Confidentiality

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

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.