A highly prominent corner restaurant premises arranged over ground floor only.
- Excellent Condition
- 50 Covers
- Open Kitchen
- Fully Fitted
- Heating & Ventilation
- Male & Female WC’s
Location
Roman Road is lined with shops, cafes, and businesses that cater to the local community. A famous street market open on Tuesday, Thursday & Saturdays, on market days, the street comes alive with stalls offering a diverse range of products, including fresh produce, clothing, accessories, antiques, and more. You’ll also find a mix of traditional establishments and newer businesses, contributing to the dynamic nature of the street.
Accommodation
Restaurant Area - 56.75 sq m (610.85 sq ft)
Kitchen Area -16.5 sq m (177.60 sq ft)
Rear Storage - 11.42 sq m (123.92 sq ft)
WC’s - 10 sq m (107.64 sq ft)
Total Area - 94.67 sq m (1,020.01sq ft)
Terms
Term: New 11-year sub lease available
Rent: Quoting £32,000 pax
Premium: Seeking offers in the region of £120,000, for the fixtures, fittings, equipment, and benefit of the sought-after lease.
Rent Review: 4 yearly
Rates (From April 2023):
Rateable Value £20,789
UBR XXX
Rates payable £10,373.11 pa
(Interested parties are advised to verify these figures with the London Borough of Tower Hamlets)
Legal Costs: Ingoing tenant to pay the landlord’s legal fees of £1500 + VAT
Reference & Credit Admin Fee: A charge of £300 + VAT payable for taking up references on behalf of proposed tenants, this fee is non-refundable after the references have been taken up, whether or not they are accepted by the Landlord.
Specification
- Prime Corner Location
- Rent - £32,000 pax
- Premium - £140,000
- Fully Fitted Restaurant
- 50 Covers
- Sub Lease Available
- Excellent Footfall