Thinking of buying or selling call 020 8599 9911

   

RESTAURANT FOR SALE WITH A3/A5 CONSENT AND RESIDENTIAL UPPER PARTS

3 VICTORIA ROAD, ROMFORD, RM1 2JA

860 sq.ft ( 79.90 m2  )

Key Features

•  Gross Weekly Turnover £5,000-£7,000
•  Upper parts income producing £33,600 per annum
•  Fully Equipped Bar
•  Fitted Kitchen
•  Rear Access
•  Chillers/Coolers
•  CCTV
•  ATM income producing £200-£250 pcm
•  Alcohol License
•  Electric Shutters
•  Suspended Ceiling

Location

The premises is situated along the busy part of Victoria Road in the heart of Romford, within a large parade of shops of mixed uses. Within walking distance Romford Station serves frequent train journeys to Stratford and several bus routes are available from Romford's bus garage. The main town centre of Romford is also walking distance from the premises

Accommodation

Ground floor restaurant with A3/A5 consent with storage, WC, and rear access. To the upper floors accommodation comprises of 2 x 2 bedroom self-contained flats. Approximate areas and dimensions are as follows:
Net Frontage17' 10" ( 5.44 m)
Retail Depth37' 3" ( 11.35 m)
Sales Area609 sq.ft ( 56.58 m2  )
Storage67 sq.ft ( 6.22 m2  )
Kitchen184 sq.ft ( 17.09 m2  )
Total860 sq.ft ( 79.90 m2  )

Lease Terms

The premises are offered by way of an assignment of the existing lease which is understood to expire in 2034. Such lease as existing is within the provisions of the Landlord and Tenant Act 1954 governing Security of Tenure. The first floor and second floor consists of 2 x 2 bedroom self-contained flats both let on separate ASTs paying £1400 per calendar month.

A premium is sought in consideration of the goodwill of the business, fixtures and fittings and the benefit of the renewable lease.

A full inventory is available upon request.

Price

£30,000 per annum exclusive of all outgoings, payable quarterly in advance on the usual quarter days.

Rates

Rateable Value£14,750
UBR 2018/1947.5p
Rates Payable£7,006.25
Interested parties are advised to verify these figures with the London Borough of Havering on 01708 433993

VAT

Value Added Tax is not applicable in respect of this transaction.

Service Charge

A service charge is not applicable in respect of this property.

Legal Costs

Each party to bear their own however the incoming tenant to also absorb the Landlord's reasonable legal fees.

Viewing

Strictly by prior appointment with sole letting agents Taylor Freeman Kataria.

Contact:

Mukund Kataria
Mkataria@cliffords-estates.co.uk

Rajiv Kataria

Rajiv@cliffords-estates.co.uk

GET IN TOUCH

TFK 306, Green Lane, Ilford IG1
020 8599 9911

BUSINESS HOURS

MONDAY - FRIDAY 9:00 a.m. – 5:00 p.m.
SATURDAY & SUNDAY CLOSED

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