Location
South Woodford is a popular suburb located some 8 miles north-east of central London close to the junction of the M11 and the North Circular. George Lane forms the main retail thoroughfare for the area and the property is located almost opposite South Woodford Underground Station (Central Line) which offers quick and easy access to the City and West End.

Local occupiers include Nationwide, Barclays, Boots, Marks & Spencer Food Hall and Odeon Cinema to name but a few as well as a number of smaller local retailers.

Description
The available accommodation comprises of a fully fitted café/patisserie arranged over ground floor only and trading as “Lilys Indulgence”. The unit has recently been fitted to a very good standard with approximately 40 covers internally.

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

Terms
Leasehold. An assignment of our clients 15 year lease from 16 February 2009 subject to 5 yearly upward only rent reviews is being offered at the current passing rental of £31,000 pax. We understand the lease is inside of the 1954 L & T Act.

Consideration would be given to a sale of the lease only at a reduced premium.

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.

Premium
UPON APPLICATION

Rental Deposit
We understand a rental deposit equivalent to not less than one quarters rental (£7,750) will be required.