Roman Road, Bow E3 – Cafe/Coffee shop business for sale

POA
£13,000 pa
650 Sq Ft

Roman Road, Bow E3 – Cafe/Coffee shop business for sale

POA
£13,000 pa
650 Sq Ft
  • Ref: E35QR357
  • Type: Other, Retail
  • Availability: To Let

Property Features

  • Well located in a busy location with much passing traffic throughout the day
  • Existing coffee shop/cafe business with scope for change of use to A3 (subject to the necessary consents)
  • Approximately 30 internal covers with a further 20 in the garden
  • Great scope to develop and increase sales
  • Make Enquiry
  • Property Summary

    A lovely little coffee shop/cafe in a busy trading position in the east end of London

    Full Details

    Location
    The building forms part of a parade of ground floor shops below residential accommodation on the north side of B119 Roman Road between Kenilworth Road and Zealand Road. This is a popular commercial destination that continues to undergo significant transition over the last few years. There is now an eclectic mix of retailers, coffee shops and restaurants along this cosmopolitan street.

    Roman Road outdoor street market is also moments away.

    Mile End (Central Line) underground station providing quick and easy access to the City (6 mins to Liverpool Street) and West End (16 mins to Oxford Circus) is within easy walking distance.

    Accommodation
    The available accommodation comprises of a fully fitted family owned daytime café arranged over ground floor only with a small forecourt and rear garden. The unit has been fitted to a good standard with approximately 30 covers whilst there is potential for a further 20 covers in the secure rear garden.

    The unit is in very good decorative order.

    Quoted floor areas taken from VO website therefore cannot be guaranteed.

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

    Planning
    We understand that the premises have E use.

    Terms

    Tenure
    Leasehold. An assignment of our clients 6 year FR & I lease to expire 28 September 2024 is available. We understand that the Freeholder may consider a new longer lease if required subject to covenant strength.

    Conditional offers subject to change of use to A3 (catering) would be considered.

    Rent
    £13,000 per annum exclusive of all other outgoings. The property is not elected for VAT.

    All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly

    Premium
    Upon application.

    Business rates
    £3,351.10 payable for the current year to 31 March 2020. Interested parties are encouraged to make their own enquiries in this regard to LBoTowerHamlets (020 7364 5010).

    EPC
    An EPC will be available shortly.

    Consumer Protection & Money Laundering regulations
    It is recommended that applicants seek independent professional advice before entering into a contract on this property. It is required to gain proof of identity from companies and individuals before accepting an offer for any property.

    Legal costs
    Both parties reasonable legal costs are to be borne by the ingoing Tenant.

    Viewing
    Strictly by prior arrangement via this office.