Property to rent

Property description

A3/A5 restaurant together with 3 bedroom flat - Excellent income!-TO LET / LEASE ASSIGNMENT

Key Features
Refurbished restaurant
A3/A5 license
Excellent turnover
Rear yard
3 bedroom flat
Residential income of over £17,000 pa
Opposite bus stop
Busy parade of shops

Description
This is an excellent opportunity to acquire a recently refurbished restaurant on Trafalgar Road.
The unit consists of ground floor seating area and kitchen. The restaurant has undergone extensive refurbishment in 2013 and benefits from fully fitted restaurant, kitchen and rear yard. Furthermore, we have been advised that the unit includes 3 bedroom flat located above, currently generating £17,680 per annum, offsetting more than 80% of the restaurant’s rent. The restaurant is generating income of £5,000 per week.

The property is located on busy Trafalgar Road, opposite the bus stop. The closest station – Maze Hill is 0.2 miles away and Cutty Sark (DLR) 0.6 miles. The area is easily accessible by car via A206 and A200.

Accommodation
Ground floor:
Width/Frontage: 15” approx
Depth: 38“approx
Ground floor size: 570sqft approx

Kitchen:
Width/Frontage: 13” approx
Depth: 22“approx
Kitchen size: 286sqft approx

Rear yard:
Width/Frontage: 11” approx
Depth: 9“approx
Rear yard size: 99sqft approx

Total accommodation size: 955sqft approx

Lease Term/Commencement
Our client wishes to assign the lease which has 10 years remaining. The rent reviews are every 5 years, next in 3 years.

Rent
£22,500 per annum.

Premium
£135,000.

Legal Fees/Cost
Incoming party is to bear all legal cost

VAT
This property is not elected for VAT.

Rates
Interested parties are encouraged to make their own enquiries with London Borough of Greenwich.

Viewings
By prior appointment through multi selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057

Disclaimer
Ranson UK Limited their clients and any joint agents give notice that:
1. They have no authority to make or give any representations orwarranties in relation to the property. These particulars do not formpart of any offer or contract and must not be relied upon as statementsor representations of fact.

2. Any areas, measurements or distances are approximate. The text,photographs and plans are for guidance only and are not necessarilycomprehensive. It should not be assumed that the property has allnecessary planning, building regulation or other consents and Ranson UKLimited have not tested any services, equipment or facilities.Purchasers must satisfy themselves by inspection or otherwise.

   

    

        

Property Features :

• Refurbished restaurant
• A3/A5 license
• Excellent turnover
• Rear yard
• 3 bedroom flat