LOCATION: The unit is centrally located on the busy Leytonstone in Strafford & situated close to Maryland and Stratford stations these on the Jubilee, Central, DLR, National rail services and Overground lines all within a few minutes’ walk
DESCRIPTION: Large A3 license unit, which comprises of a large seating area accommodating approximately 50. This commercial unit is situated in an excellent location, benefiting from good passing trade, and within close proximity of the popular Westfield Stratford City shopping Centre. Can also be split into two separate shops also the unit is split over the ground and lower ground floors.
PREMIUM: £99,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill
RENTAL: £28,000 per annum
TERMS: 6-year lease remaining, renewable
BUSINESS RATES: Nil. From information obtained from the Valuation Office Agency website www.voa.gov.uk
SIZE: Approximately 3000 sq ft
OPENING HOURS: Open 7 days a week from 11:00 a.m till 11:00 p.m
STAFF: Owner managed with 3 staff and 1 part time staff
TURNOVER: We are advised that the yearly turnover is approximately £260,000 per annum
LEGAL COST: Each party to be responsible for their own legal costs
LOCAL AUTHORITY: London Borough of Newham
COVERS: Approximately 45/50 covers
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is nonrefundable after the references have been taken up, whether they are accepted or not by the Landlord
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 London Properties client account
FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS: Internal viewings are highly recommended through London Properties by appointment only.
Leytonstone Road, Stratford, London, E15 1LH