Restaurant/cafe to let in Chingford Mount Road, Chingford, London E4

** restaurant business for sale ** - Located on Chingford Mount Road (A112) in Chingford, East London. Chingford Mount Road is a home to a variety of local occupiers as well as a number of multiple operators such as Tesco Express, Douglas Allen and Wenzels the Bakers. The area is served by local buses and the nearest train station is Highams Park (Overground). Comprising a ground floor restaurant totalling approximately 2,007 sq ft (186.5 sq m) which currently trades as 'Burger Wingz'. The premises currently benefit from; 23 covers, 3-phase electricity, Fitted kitchen & food preparation area and Alcohol licence. Please note that a detached single storey brick built commercial unit of approximately 1,006 sq ft (93.5 sq m) with ample parking facilities at the rear of the premises may also be available. Please call Clarke Hillyer on for further information.

Location

Located on Chingford Mount Road (A112) in Chingford, East London. Chingford Mount Road is a home to a variety of local occupiers as well as a number of multiple operators such as Tesco Express, Douglas Allen and Wenzels the Bakers. The area is served by local buses and the nearest train station is Highams Park (Overground).

Description

Comprising a ground floor restaurant totalling approximately 2,007 sq ft (186.5 sq m) which currently trades as 'Burger Wingz'. The premises currently benefit from the following:
- 23 covers but this can be increased with extra tables and chairs or booths.
- 3-phase electricity.
- Fitted kitchen & food preparation area (a full list of fixtures & fittings is available on request).
- Alcohol licence.
- Toilet facilities.
Please note that a detached single storey brick built commercial unit of approximately 1,006 sq ft (93.5 sq m) with ample parking facilities at the rear of the premises may also be available. Please contact us for further details.

Lease

The premises are held on a 10 year lease from November 2020 and the current passing rent is £32,500 per annum. The rent is increasing to £35,000 per annum in November 2024. An extension to the lease may be available by negotiation with the landlord.

Terms

The premises are available by way of assignment of the current lease. The outgoing tenant is seeking a premium for goodwill, fixtures, fittings and equipment. Premium on application.

Business Rates

Waltham Forest Council have informed us of the following:
2023 Rateable Value: £28,250
2024/25 ubr: 0.499 P/£
2024/25 Rates Payable: £14,096.75
Interested parties are advised to ascertain current rate liability with the Local Authority.

Legal Costs

To be met by the ingoing tenant.

Viewings

Strictly via sole agents Clarke Hillyer, tel .

Epc

The premises have an Energy Performance Certificate rating of D.