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42 Old Church Rd 2,400 SF of Retail Space Available in London E4 8DB
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| - | 2,400 SF | Negotiable | $24.80 CAD/SF/YR $2.07 CAD/SF/MO $59,517 CAD/YR $4,960 CAD/MO | TBD |
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Key Information:*Turnover: £15,000+ per week (70% dine-in / 30% takeaway)*Rent: £32,000 per annum*Premium: £150,000*Rates: £3,443 per annum*Lease: New 15 years Full Repairing & Insuring lease*Licences: A3, A5 & Alcohol Licence until 11:00 PM*Premises Size: Approximately 2,400 sq. ft.*Seating Capacity: 70 internal covers + forecourt seating up to 20 coversClients pay their own legal fees.This fully staff-run Restaurant and Cocktail Lounge operates from a spacious 2,400 sq. ft. high street premises that underwent a complete refurbishment in May 2021. The renovation was extensive, including the installation of two brand-new, fully fitted kitchens, upgraded flooring, electrics, ceiling, seating, and décor, as well as a fully equipped bar. The business generates a healthy weekly turnover of £15,000, with 70% of revenue coming from dine-in customers and 30% from takeaway orders with only late afternoon - 11pm opening hours.Despite its strong performance, there is significant potential for growth under a more hands-on owner-operator, as the current vendor does not work directly in the business.The premises are immaculately maintained and fitted with high-quality furnishings throughout. Key features include: *Internal Seating: 70 covers across a tastefully decorated dining area*Forecourt Seating: Space for 20 alfresco dining covers*Bar: Fully equipped bar area*Display Kitchen: Open-plan kitchen with extractor canopy and full induction system, allowing guests to view food preparation*Waiter Station: Includes a till system for efficient service*Storage: Ample storage facilities throughout the premises*Toilets: Separate male and female restroomsAdditionally, the rear of the premises features: *Second Fully Fitted Kitchen: Equipped with a separate extractor canopy and full induction system*Storage Area: Outdoor storage with secure gated access*Parking: Dedicated parking space for the owner
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 2,400 SF | Gross Leasable Area | 2,054 SF |
| Property Type | Retail | Year Built | 1925 |
| Property Subtype | Storefront | Parking Ratio | 1.05/1,000 SF |
| Total Space Available | 2,400 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 2,054 SF |
| Year Built | 1925 |
| Parking Ratio | 1.05/1,000 SF |
FEATURES AND AMENITIES
- Security System
- Storage Space
NEARBY MAJOR RETAILERS
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Home Connect
42 Old Church Rd
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