Restaurants for sale in East London

View the "Indian Takeaway & Kebab House; T/O £234k" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Ian McGregor (Nov 2013)
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Leasehold Price: £100,000 Annual Turnover: £234,000
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Business Description
ORE are delighted to offer this leasehold kebab and Indian takeaway business for sale in a highly sought after area of East Ham. Property is sitting among in a Parade of shops close proximity to schools, bus stops and Underground Stations. Business is fully functional and operating seven days a week and opening hours are 11.30 -23.00. There are 30 seating capacity. Vendors are looking for a premium in region of £100,000 for leasehold interests. This business has lots of potential in right hands.

Ref: A751

Property Description
The property consists of front retail area with 30-seater capacity and well defined and branded service counter. This is then followed by storage & kitchen and preparation area. The front retail sizes area as follows:

Description sqft sqm
Front Retail 702.13sqft 65.23sqm
Kitchen 225.28sqft 20.92sqm
Staff WC, Customer WCs

Amenities include air conditioning

Location & Surroundings
The property is located close to the A12 and A13 which benefits from fantastic transport links via public and private transport. The immediate surrounding includes the highly cultural and famous Green Street high street and is very close to an Underground station which develops a considerable amount of footfall.

The surrounding areas are densely built up with residential property which results in a high demand for local trade. The takeaway is surrounded by local businesses including solicitors, estate agents, post office, and other businesses.

Business Description & Takings
The business currently caters for Indian and grill cuisine and benefits from a strong residential following within the local community.

The business benefits from overhead flues, heated display cabinets, display fridge, fridge and freezer units, dough mixer, pressure fryer, chip scuttle, display gas grill, four burner gas donner kebab grill, tandoor ovens, conveyor gas pizza oven, clay oven, and other ancillary kitchen utensils and necessities.

Oakville Real Estates have been advised that the current taking of the business is currently around £4,500pw (unverified).

Opening Times & Staffing
Currently the opening times are Monday to Sunday 11:00 to 23:00. The business is currently being facilitated by staff.

Tenure & Lease Terms
The property is held by a Full Repairing and Insuring lease for a term of 13 years; and benefits from an unexpired term of approximately 11 years.

The passing rent is £20,000 per annum which includes the shop and flat above.

Rent & Rates
The rateable value is £6,500 as per the 2010 ratings list. Interested parties are encouraged to verify the rates through their own enquiries.

Premium
The owner is seeking a premium of £100,000 for the leasehold interest, fixture and fittings, and goodwill of the business

Legal Costs
Tenant to pay a contribution towards the landlord’s solicitor’s costs.

Viewings Arrangements
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090.
Tenure: Leasehold

Location Details:

The property is located close to the A12 and A13 which benefits from fantastic transport links via public and private transport. The immediate surrounding includes the highly cultural and famous Green Street high street and is very close to an Underground station which develops a considerable amount of footfall.

The surrounding areas are densely built up with residential property which results in a high demand for local trade. The takeaway is surrounded by local businesses including solicitors, estate agents, post office, and other businesses.

Leasehold Term:

The property is held by a Full Repairing and Insuring lease for a term of 13 years; and benefits from an unexpired term of approximately 11 years. The passing rent is £20,000 per annum which includes the shop and flat above.

Downloadable Documents

Listed by: Oakville Real Estates
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