Property to rent in Whitechapel, E1
Middlesex Street, London, E1£50000.00
Agent details
This property is listed with:
Full Details for Property to rent in Whitechapel, E1 :
Luxurious restaurant with private hall.-TO LET / LEASE ASSIGNMENT
Key Features
Large restaurant
Private hall
Fully fitted kitchen
Over 10000sqft
Total 300 covers
Turnover £600,000
40% Net profit
Description
This is a rare and unique opportunity to acquire large restaurant with private hall. The unit comprises of large ground floor, first floor private hall, fully fitted kitchen and toilets. The restaurant and private hall accommodates 600 people. We have been advised by our client that the current annual turnover is £600,000 from which 40% is net profit.
Aldgate and Aldgate East stations (District, Metropolitan, Circle, Hammersmith & City lines) is 0.2 miles away, providing excellent connection to the rest of the network and beyond. The area is well very well served by local buses and easily accessible by car via A11 and A1202.
Accommodation
Accommodation:
Width/Frontage: ” approx
Depth: “approx
Accommodation size: 10,000sqft approx
Total accommodation size: 10,000sqft approx
Lease Term/Commencement
Our client wishes to assign the original lease (10 years) which has 8 years remaining. We have been advised by our client that the rent reviews are every 5 years.
Rent
£50,000 per annum.
Premium
£490,000 £445,000
Legal Fees/Cost
Each party is to bear their own legal cost.
VAT
This property is not elected for VAT.
Rates
All interested parties are encouraged to make their own enquiries with London Borough of Tower Hamlets.
Viewings
By prior appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057
Key Features
Large restaurant
Private hall
Fully fitted kitchen
Over 10000sqft
Total 300 covers
Turnover £600,000
40% Net profit
Description
This is a rare and unique opportunity to acquire large restaurant with private hall. The unit comprises of large ground floor, first floor private hall, fully fitted kitchen and toilets. The restaurant and private hall accommodates 600 people. We have been advised by our client that the current annual turnover is £600,000 from which 40% is net profit.
Aldgate and Aldgate East stations (District, Metropolitan, Circle, Hammersmith & City lines) is 0.2 miles away, providing excellent connection to the rest of the network and beyond. The area is well very well served by local buses and easily accessible by car via A11 and A1202.
Accommodation
Accommodation:
Width/Frontage: ” approx
Depth: “approx
Accommodation size: 10,000sqft approx
Total accommodation size: 10,000sqft approx
Lease Term/Commencement
Our client wishes to assign the original lease (10 years) which has 8 years remaining. We have been advised by our client that the rent reviews are every 5 years.
Rent
£50,000 per annum.
Premium
Legal Fees/Cost
Each party is to bear their own legal cost.
VAT
This property is not elected for VAT.
Rates
All interested parties are encouraged to make their own enquiries with London Borough of Tower Hamlets.
Viewings
By prior appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057
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