Single fronted premises with basement and all newly fitted we understand approximately 7 months ago, Hardwood flooring, counter, 2 computers for ordering till system with printer, CCTV system, disable WC, 28 covers, open plan kitchen area with Pressure Fryer, HCW5 Display, chicken pressure cooker, double deep fat fryer , combi Oven 6 Grill, Chip Dumper, Breading Table, Bun Warmer, 3 Burner Archway Grill, 2 door fridges, Speed pack table with insulated drawers, Walk-in Fridge and 2 freezer in basement.
Location
The premises are prominently located on High Road and this is a great opportunity to acquire a highly visible and prominent Pepe’s Piri Piri franchise in Leytonstone within walking distance Leytonstone Over Ground Station and easy access to transport links and A40 motorway.
Accommodation
Approximately 1,850 sq ft including basement
Terms
USES: A3/A5
TERMS: The property is held by a Full Repairing and Insuring Lease with an unexpired term of approximately 9 years. The lease is subject to 5 yearly rent reviews
RENTAL: £20,000 per annum
PREMIUM: £190,000 for the benefit of the lease, fixture & fittings
BUSINESS RATES: We have been advised by the client that the current rates payable are £2,500 via small business relief. However, all interested parties are encouraged to make their own enquiries with Borough of Waltham Forest.
OPENING HOURS: Open 11:00 a.m till late 7 day a week
STAFF: Own managed with 11 staff
TURNOVER: Weekly turnover in the excess of £7,000 per week
UTILITIES: All main services are connected.
LOCAL AUTHORITY: Waltham Forest
LEGAL COST: To be confirmed
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.
HOLDING DEPOSIT: A holding deposit will be required to secure the property, the deposit will buy a period of exclusivity and will be held in the London Properties client account
FIXTURES & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition