Price:
Freehold - £899,945
Location:
London, East London
Business Type:
Commercial Property, Food Service Businesses, Retail businesses
• Fully refurbished accommodation, restaurant and convenience store
• Situated in densely populated East London Location
• First floor 2 x Self–contained apartments
• 35 cover restaurant and take away
• Brand new Off license and convenience with £8000 a week turnover
• Excellent position with further scope for 5 more self contained flats (STPP)
• New development next door for 500+ apartments
• Detached FREEHOLD property
• Fantastic opportunity
• Price just £899,995
DESCRIPTION: This detached, imposing FREEHOLD corner-plot property, has been thoughtfully and carefully refurbished throughout and now consists of :
Ground Floor Off Licence and Convenience Store.
(With very large basement level storage, kitchen, office and Washroom)
Ground Floor Indian Grill Restaurant and Take Away
(With large basement level prep room/store)
First Floor Self-Contained Studio Apartment
First Floor Self-Contained One Bedroom Apartment
OFF LICENCE & CONVENIENCE STORE:
Occupying a corner position this extremely well fitted convenience store has been fully refurbished to the highest of standards.
Glazed double fronted shop opening to an extremely well stocked and very well maintained store. Fully tiled floors with suspended ceiling with concealed florescent lighting. Deli area to one corner with large under stairs storage to side and wash hand basin and prep sink unit. 16 x CCTV cameras. Raised counter area with confectionary shelving to front and cigarette gantry behind. Electric till. New equipment throughout including:- Cold Deli Counter, Large Cold Cabinet, Ice Cream Freezer, Large Freezer with Freezer Cabinet above, Large Dairy Fridge, Large Cold Cabinet. Newly fitted and adjustable wall shelving with central shelving. Cash Machine.
To the rear of the shop is access to:
Basement Store Area:
Measuring approx 700sq this secure basement gives ample space for stock storage and access to private OFFICE, WASHROOM and WC FACILITIES and KITCHEN AREA.
This business is currently run by the owner of the whole development who would be looking to create a new lease and negotiate the rent.
RESTAURANT & TAKE AWAY
Spacious restaurant and take away with covers for approximately 35. Nicely and newly fitted throughout including stainless steel extractor fan and canopy. Fully tiled walls and floors. Separate prep area with stainless steel double sink and drainer. WC facilities.
Basement Store Area/Prep Room
Measuring approx 400 sq this secure basement gives ample space for stock storage and/or preparation area. This area is fully tiled to walls and floors.
The restaurant has a tenant currently renting the business with 20 years lease unexpired with 4 yearly rent reviews. Current rent £18,200 PA
THE INVESTMENT
We bring to the market this nice FREEHOLD development consisting of RESTAURANT, CONVENIENCE STORE, and TWO SELF CONTAINED FLATS.
The current owner runs the Convenience Store and would like to create a new lease with any prospective purchaser. The Restaurant and the flats already have tenants and collectively achieve £41,000 pa rental income collectively.
AGENTS NOTE
We have been informed via the owner that there has been a application for planning permission for the further development of the first floor to build 5 flats.
VIEWING:
By prior appointment with PPS on 01702 602888.
TERMS:
Each party, Vendor and Purchaser are responsible for their own legal fees.
LOCATION:
Situated in a prime residential area (E14) between Poplar and Limehouse, close to East India Dock Road (A13)
ACCOMMODATION
Above the businesses are two self contained flats currently rented on Shorthold Tenancy Agreements. Recently refitted throughout and boasting full double glazing and central heating the flats consist:-
One Bedroom Flat – Lounge, Bedroom, Kitchen and Bathroom
Studio Flat - Lounge/Bedroom, Kitchen Area, Bathroom
The flats achieve a rental income of:
STUDIO £180.00 per week
ONE BEDROOM £210.00 per week
North Yorkshire
£ 750,000
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