Western Gateway, Royal Victoria Dock, London E16 1DR (Adjacent to ExCel Exhibition Centre)

  Ref 024414    

Western Gateway, Royal Victoria Dock, London E16 1DR (Adjacent to ExCel Exhibition Centre)

Ref 024414

  • £81,500 pa  

    To Let

    £81,500 pa  

    To Let

  • Description

    A substantial restaurant with 160 covers plus a further 60 covers al fresco on a large forecourt area. The restaurant is well established and been trading since 2007 and offers Italian cuisine. The kitchens are very large and fitted and includes all fixtures, fittings and equipment including walk-in cold room, chilled beer store, dry store, full grill, prep and wash areas. (This is one of the cleanest and well kept kitchens that we have seen). The restaurant area is complete with large bar, lounge area, large wine display cabinet, office, substantial male/female WC’s. The premises are fully licenced until 2am for music, dancing and alcohol.

    The restaurant has an excellent record and is well rated on google and has enjoyed an excellent turnover and also carries out some private hire events throughout the year. The restaurant is fully air conditioned and equipped with CCTV.

    There are 4 demised parking spaces within the lease. The business is also being sold with the trading name and website.

    The current owner is prepared to stay on for a short period after the sale to show a new owner the ropes and ensure a smooth transition. Full further details available upon request once a viewing has been carried out.

    Gallery

    Areas

    Main restaurant 347 sq m (3734 sq ft) Kitchen 107.25 sq m (1154 sq ft) WC’s 39.46 sq m (424 sq ft) Office 8.09 sq m (87 sq ft) Basement 27.87 sq m (300 sq ft) Total area 529.67 sq m (5700 sq ft)

    Lease

    Held on a 20 year lease from 2007 at £81,500 pa (new lease available upon request).

    £600,000 is sought for the benefit of the lease, all fixtures, fittings and equipment.

    Location

    Situated within a former warehouse (Warehouse K) and virtually adjacent to the London ExCel Exhibition Centre and on Western Gateway. Easily accessible from Custom House DLR station which provides easy access to Stratford and Canary Wharf stations. Victoria Dock is also accessible via the Emirates Airline (cable car) from Greenwich Peninsula/O2 Arena. This location has a large amount of residential accommodation and a captive audience of clientele as well as tourists and an enormous amount of visitors to the exhibitions held at the ExCel Exhibition Centre. The restaurant also benefits from custom associated with the ExCel Exhibition Centre during set up and break-down of events.

    Book a viewing

    To Let

    £81,500 pa