Restaurants for sale in Gants Hill

View the "LICENCED RESTAURANT WITH DANCE, MUSIC & ACCOMODATION - ESSEX" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Freehold Price: £720,000 Price Reduced Leasehold Price: £720,000 Price Reduced
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Business Description
3,500 sq ft. Established since 1970 in prominent position, large triple fronted premises next to station and large developments close Olympics with good takings, Held on 3 leases @ £29,900 pa rent (1 head lease), Rates £12,000 pa. Retirement sale. Offers invited.
Trading Hours:
7 day week to 2.00 am


Tenure: Freehold, Leasehold

Number of bedrooms: 11

Accommodation Details:

The rear fire escape staircase to the rear leads to the 1st floor flat which is used as large stock rooms, wine stores, laundry room and wc. There is also a large fully equipped industrial kitchen for the restaurant.

Location Details:

Excellent position next to the station in a large development area with plenty new flats currently under construction. The premises is with a few minutes drive from the Olympic site close plenty of bars nearby.

Leasehold Term:

Held on 2 renewable to 2018 and 2025 respectively with current rents of £18,400 and £11,500 pa. The third unit is a virtual freehold on 999 year lease.

Listed by: Pegasus Business Sales
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