Commercial property for sale in London, England

Freehold Restaurant for Sale in Greenford with 5-Bed Flat.  Freehold restaurant property for sale in Greenford Road, offering excellent owner-occupier opportunity. The building consists of a ground floor restaurant/cafe unit with circa 686 sq.ft, currently leased with a rental income of £18,600/annum, alongside a 5-bed flat above generating £31,200 per annum, hence producing a total rental income of £49,800/annum.  Situated in an upcoming vibrant parade in Greenford Road with multiple independent retailers, the property is stones throw away from Greenford Quay and opposite to GBS Campus.  The current ground floor tenant is open to selling the lease/business hence, the property is ideal for those looking to run their own food business while benefiting from steady rental returns. In our opinion, due to the increased demand in the area, the flat rent can be increased to achieve higher income.  Property ID: RPS-22304  MAIN DETAILS  Freehold restaurant with upper for sale Restaurant tenant open to selling hence can be bought in vacant possession Spread over ground, first & second floor Separate rear entrance for the flats Sideroad shared delivery access for the restaurant Restaurant circa 686 sq. ft with 36 covers with gas, extraction & licence in place EPC rating: C Guide price : £875,000 (Property & the lease)  GROUND FLOOR & BUSINESS  Tenant open to selling the lease hence can be bought as vacant possession Leased to Crispy Dosa restaurant until October 2036 (Inside the Act) Rent: £18,600/annum, subject to 3 yearly review with next review in October 2027 Partially fitted restaurant Circa 686 sq. ft with 36 covers Benefits from extraction & gas Premises licence in place Permitted Hours: 10am till 11pm We have been informed the restaurant is closed temporarily and most recent trading generating an average revenue of £3,000 per week.  UPPER PART  The upper parts consists of a 5 bedroom flat producing a rental income of £31,200 per annum. Please note, we have not measured the upper parts and sizes are only for guidance purposes.  First floor, circa 650 sq. ft with 2 bedroom flat with a kitchen & bathroom Second floor with loft, circa 850 sq. ft: 3 bedroom flat with kitchen & bathroom and one ensuite bedroom in the loft Separate entrance from the rear of the property Current rental income: £31,200 PAX  THE LOCATION  Greenford Road, UB6 Nearby Campus of over 1,000 Students Street Car Park Available Immediate units occupied by independent retailers  VIEWINGS & CONFIDENTIALITY  Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.  DISCLAIMER  The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

Commercial property for sale in London, England

5 bedroom mixed use for sale

Description

Need Broker Assistance?