Situated on Station Road, North Chingford very close to Chingford Network Rail Station, various eateries and retailers.
A4 premises arranged over ground, 1st & 2nd floors. The ground floor comprises a full fitted bar (not tied) with internal seating area with large external forecourt with seating area (this area could be covered in and made into a weather-proof external structure) as have a number of the other restaurants in the area.
The upper part comprises a self-contained flat arranged over ground, 1st & 2nd floors and comprising kitchen/breakfast room on the ground floor, plus 4 bedrooms, reception and bathroom on the upper floors. There is a rear garden plus two storage sheds that are used for additional storage and cellar for the bar.
Held on a 20 year lease from 2009 with approximately 13½ years remaining at £42,000 pa, which increases to £43,000 pa in May 2017, £45,000 in 2018 and £48,000 in 2019 with 5 yearly rent reviews. *It may be possible to take a new lease on the premises of the ground floor only, subject to agreement with the landlord.
Premium of £150,000 sought for the benefit of the lease, goodwill, fixtures, fittings and equipment.