“Pacana” Restaurant, 448-450 Cranbrook Road, Gants Hill IG2 6LL

POA
2,070 Sq Ft

“Pacana” Restaurant, 448-450 Cranbrook Road, Gants Hill IG2 6LL

POA
2,070 Sq Ft
  • Ref: IG26LL448450
  • Type: Retail
  • Availability: For Sale
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  • Property Summary

    A substantial double fronted licensed restaurant in a prime position close to Gants Hill Tube Station. Premium offers invited.

    Full Details

    Location
    The property is located on Cranbrook Road (A123) at the junction of Gants Hill roundabout. This is an extremely busy location with high footfall throughout the day and into the evening. Gants Hill (Central Line) Underground station is moment’s away providing quick and easy access to the City and West End. Gants Hill connects the Eastern Avenue (A12) with the North Circular Road (A406) which in turn afford connections to M11 and M25.

    Accommodation
    The available accommodation comprises of a fully fitted restaurant arranged over ground floor only and trading as “PACANA” pan Asian cuisine. The unit has recently been fitted to a very high standard with approximately 108 covers internally.

    Further information on the concept can be found at: www.pacana.co.uk

    We understand that there is a licence in place for outside seating for 30 covers during the Summer months that can be extended throughout the year if required.

    The premises benefit from an open kitchen, WC`s, staff room, store room and rear parking for 4 vehicles.

    The premises are offered as a fully fitted going concern with all fixtures & fittings and equipment to be included in the sale.

    The unit is in superb decorative order and has an internal floor areas of 2,070 sq.ft. (192.29 sq.m.).

    Floor areas taken from VOA website and will be subject to verification.

    An inventory is being prepared and will be available shortly.

    Terms
    An assignment of our clients 20 year lease from September 2016 subject to 5 yearly upward only rent reviews is being offered at the current passing rental of £40,000 pax plus VAT. We understand the lease is inside of the 1954 L & T Act.

    The premises benefit from A3 planning consent with a licence in place allowing the sale of alcohol with standard restaurant conditions until 01:30hrs Monday-Saturday.

    PREMIUM UPON APPLICATION

    We understand a rental deposit equivalent to not less than one quarters rental (£12,000 inc VAT) will be required.

    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.

    We are verbally advised by LBoRedbridge that the business rates payable for the current year are £15,796.48. Interested parties are advised to make their own enquiries.

    Both parties’ reasonable legal costs are to be borne by the purchaser.

    Possession immediately upon completion of legal formalities.

    An EPC has been commissioned and will be available shortly.

    Viewing strictly by arrangement via this office. Under no circumstances should any interested parties approach the business or its employees.