George Lane, South Woodford E18







Size: 2,800 sq.ft.
Tenure: Freehold
Price:


Location

A UNIQUE OPPORTUNITY TO BUY/RENT A FULLY LICENSED BAR PREMISES WITH EXCELLENT OPPORTUNITY FOR CHANGE OF USE (S.T.P) TO: A3 RESTAURANT A5 TAKEAWAY D1 DAY CARE NURSERY/DAY CENTRE The building is situated on George Lane moments from South Woodford (Central Line). South Woodford is busy and affluent commercial district with a number of multiple retailers in the general area such as M & S Foodhall, Sainsburys, Odeon Cinema etc. as well as a number of High Street banks, building societies and betting shops.

Description

Available accommodation comprises of the entire ground floor and basement of a triple fronted mid terrace property currently trading as “Switch Bar” set out in a contemporary style essentially open plan bar with split level ground floor and basement cellar/stores. Basement used for storage and has a restricted head height. The ground floor is divided into various lounge areas, bar servery, DJ booth, Male & Female WC`s and a small kitchen. There is a forecourt to the front as well as a rear patio/garden area. We consider this to be an excellent opportunity for a business with much scope to develop or even change to A3 (restaurant), A5 (takeaway) or even D1 (Non residential institution) subject to the necessary consents. We understand from preliminary discussions with the local authority that an application for Childrens Day Care Nursery would be fully supported. The building is in superb decorative order with the following approximate floor areas: Ground floor - 2,200 sq.ft. ( 204.37 sq.m.), forecourt & rear patio/garden, basement - 600 sq.ft. (55.74 sq.m.). Full accounts can be provided upon request although we understand that the existing business has a gross turnover of between £10,000-£12,000 per week. We understand the licencing hours are as follows: Monday to Thursday – 10am to midnight, Friday & Saturday - 10am to 12:30am, Sunday - 12pm to midnight. The building is available on a Freehold basis with vacant possession on completion although the Freeholder would consider a letting on FR & I terms subject to covenant strength. It should be noted our client will be looking to retain the upper parts. Full terms upon request. All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction. The purchaser/tenant will be responsible for the Freeholders reasonable legal costs in this regard. An EPC has been commissioned and will be available for inspection shortly. Strictly by prior appointment via sole agents as above. It should be noted that some staff are unaware of the impending sale. All enquiries are strictly through this office.