Commercial Street, London E1

  Ref 024507    

Commercial Street, London E1

Ref 024507

  • £60,000 pa  

    To Let

    £60,000 pa  

    To Let

  • Description

    Restaurant/Bar
    Comprising a newly renovated restaurant/bar that has been fitted to a high standard including modern décor incorporating the latest technology. The ground floor comprises a large fully fitted bar including equipment, 2 fridges, wine cooler, ice machine, multi use fridge, freezer, high end coffee machine, dishwasher and sinks. Arranged with 40 covers plus standing. Externally al fresco space is demised to the property and can seat 15 or 40 standing customers. There is an awning that extends over the pavement which can be branded. The lower ground floor is arranged as further seating for 30 covers including booths for group bookings and is also furnished and decorated to a high standard. The lower ground floor also houses a fully fitted kitchen benefitting from a full extraction system, stainless steel appliances, fryers, cookers, fridges, freezers, serving shelves. There is also a separate wash area and male/female WC’s. The entire property features a full fire alarm system, full CCTV, intruder alarm, EPOS system with 2 printers and 2 chip & pin machines. There is a full Sonos sound system, air conditioning on both floors. Parking is free outside between 7pm and 6am.

    Gallery

    Areas

    Ground Floor - 689 sq ft (64 sqm) Lower Ground Floor - 786 sq ft (73 sqm) Total area - 1,475 sq ft (137 sqm)

    Lease

    Held on an existing lease with 5 years remaining at £60,000 pa. The lease is held within the Landlord & Tenant Act 1954 and is renewable. A new lease/lease extension may be available.

    Terms

    £160,000 is sought for the benefit of the lease, fixtures, fittings and equipment.

    Location

    Situated on Commercial Street in the heart of Spitalfield. The premises is close to Whitechapel High Street, Brick Lane and Shoreditch High Street. Aldgate East is the nearest underground station (District Line) which is a 2 minute walk away. The location is always busy with high levels of footfall. There are many large office buildings, residential blocks and university accommodation within a 3 mile radius.

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    To Let

    £60,000 pa