Restaurant investment for sale in London

COMMON USE CLASS: A1 Shops, A5 Hot Food Take away, C3 Dwelling Houses

This property is marketed by:
Clarke Hillyer

Key Features

• Freehold for sale with vacant possession
• Comprising takeaway restaurant with a 2 bedroom flat above
• Adjacent to Highams Park Station

** FREEHOLD TAKEAWAY RESTAURANT & FLAT FOR SALE ** - Located on The Broadway in Highams Park, London E4. Highams Park Railway Station is less than 0.1 miles away from the premises and offers frequent services to London Liverpool Street. Comprising a 2-storey building within an established parade of shops. The ground floor has traded as a Chinese takeaway for many years and the first floor comprises a self-contained 2 bedroom flat. The premises are to be sold with vacant possession.

Location

Located on The Broadway in Highams Park, London E4. Highams Park Railway Station is less than 0.1 miles away from the premises and offers frequent services to London Liverpool Street. The area is served by local buses and the A406, M11 and A12 are all accessible from the premises. Highams Park is home to a number of independent traders as well as multiple occupiers such as Tesco, Subway and Costa Coffee.

Description

Comprising a 2-storey building within an established parade of shops. The ground floor has traded as a Chinese takeaway for many years and the first floor comprises a self-contained 2 bedroom flat. The premises are more particularly described as follows:

Ground Floor:

Sales area: 227 sq ft (21.1 sq m).

Lobby/store: 131 sq ft (12.2 sq m).

Preparation area: 189 sq ft (17.6 sq m).

Kitchen: 182 sq ft (16.9 sq m).

Store: 61 sq ft (5.7 sq m).

Ancillary: 81 sq ft (7.5 sq m).

First Floor: 2 bedrooms; living room; bathroom/w/c.

Rear yard.

All measurements quoted are approximate only.

Terms

The freehold is available, subject to vacant possession, for £650,000.

Business Rates

The London Borough of Waltham Forest have informed us of the following in respect of the shop:

2017 Rateable Value: £14,500

2022-23 UBR: 0.499 P/£

2022-23 Rates Payable: £7,235.50

Interested parties should contact the Local Authority in order to ascertain current rate liability.

Council Tax

The flat falls within Band 'A'.

EPC

The premises have an Energy Performance Certificate rating of D.