0 Bed Restaurant To Rent

Substantial fully-fitted restaurant with 150 covers with the ability to expand to up to 200 covers. The premises have a late licence to 2 am arranged over ground floor with substantial kitchen plus first floor WC facilities and 6 residential units above, all let on AST's and producing £93,200 p.a. (comprising 2, 3 bed maisonettes, 2 studios, 1 bed and a 2 bed flats).

Viewing strictly by appointment only.



Location:

Situated on Foxes Parade , Sewardstone Road, Waltham Abbey, close to the junction with Farmhill Road and Quaker Lane. Sewardstone Road also is at the junction with The Crooked Mile which goes to Nazeing. The premises are also within 1.5 miles of the M25, junction at Waltham Abbey.



Lease:



Option 1:

Available on a new sub-lease for a term to be agreed at £45,000 p.a. (Restaurant Only). This lease is outside the protection of the Landlord and Tenant Act 1954.



Option 2:

Assignment of existing Head Lease (15 years from 2018 expiring 2033 at £70,000 p.a. for the whole building including residential upper part for £120,000 Premium. The lease is held within the Landlord and Tenant Act 1954.



Premium:

£120, 000 is sought for the benefit of the lease and all fixtures, fittings and

equipment.