Commercial - Hotels/Catering
Presenting here the opportunity to acquire a running Pakistani/Indian restaurant in a prime location.
The restaurant has a history of 30 years prior trading and almost a decade as Karachi Tandoori.
The location benefits from the soon to be West Ham Football Clubs presence at the Olympic Stadium.
All interested parties are advised to act immediately to avoid disappointment.
Included in the acquisition are all fixtures, fittings and equipment(excluding stock) and including 2 large chillers, display fridges and security cameras.
The total value of equipment being supplied as part of the sale is approximately �65,000(not verified).
The property also benefits from a rear yard for easy rear access into the premises, ideal for deliveries.
Hot water is provided via an independent boiler.
Premium for acquisition is �155,000 and the reassignment of the current commercial lease(11 years remaining) which stands at �26,000 per annum.
Business rates: rateable value currently is �17,800 per annum. The current payable business rates equates to �8,000 per annum due to the London Borough of Newham`s new relief scheme.
All photographs are provided for guidance only. Letting fees range from �250 - �350 per tenant. Please note your income must be at least 250% of rental value. You may have up to 4 persons on a tenancy agreement to reach the required income band.
These are for general guidance only. You are responsible to confirm accuracy by inspection.