For Sale
SUBSTANTIAL RESTAURANT
Available
Royal Docks, London E16
(Reference No. 023901)
APPROX 4097 SQ FT (380.72 SQ M)
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Location:
Situated adjacent to ExCel at Royal Docks. The nearest stations are Royal Victoria and Custom House DLR stations (Custom House is also becoming a Crossrail Station and expansion works are underway) and the Emirates Airline cable car link. The premises are surrounded by numerous hotels, restaurants and bars and benefit from the enormous influx of exhibition visitors and set-up staff over approximately ten months of the year. ExCel is the premier exhibition centre for London. The location has a large amount of residential accommodation and hotel accommodation producing an all round clientele. Additionally within Royal Victoria Dock is used for numerous water sport activities and triathlons and marathons that come through this location.

Description:
Substantial restaurant and premises which are currently trading as an Oriental and Indian mixed menu restaurant with 190 covers (150 inside and 40 al fresco on the front terrace). This restaurant is the first restaurant that you come to when you leave the ExCel centre by the main entrance. The business has been trading for a number of years with a good turnover and has peak periods when the exhibitions are in full swing. The premises are licenced for music and alcohol from 12.00 midday to 3.00 am seven days a week.

The premises are arranged as mainly open plan restaurant and bar area, large fully fitted kitchen, WC’s, private dining room, manager’s office, various storage rooms plus a walk-in freezer and walk-in cold room in the basement area and further storage at this level. The premises has two demised parking spaces within the rear loading bay.

Additional turnover is derived from delivery and collection which is strong in this area. The business is signed up to Just Eat, Uber Eats and Hungry House.

Lease:
Held on a 16 year lease from 2010 at £70,000 pa with 4 yearly rent reviews.

Terms:
£399,000 is sought for the goodwill, fixtures, fittings and equipment.

Subject to Contract
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Claridges Commercial
Tel: 020 8559 1122  
Email:
contact@claridges-commercial.co.uk