Description:
Clements Road
Ilford, IG1 1BP Lease Assignment New Instruction
The restaurant premises are in excellent condition having recently been fully fitted to an extremely high standard as an oriental restaurant benefiting from an open display kitchen with a full extraction system. The restaurant is laid out to provide seating for approximately 75 diners. The kitchen, storage, customer and staff toilets are all located to the rear of the premises. Access for deliveries via a service entrance at the rear of the building. It is worth noting that the premises up until very recently had been trading as a buffet style operation and now the configuration has completely changed in order to make it more of a sit-down, waiter service restaurant.
Floor Areas: Ground Floor Total
2150 2150 sq. ft.
Tenure: The premises are being offered by way of an assignment of the existing Full Repairing and Insuring lease which was granted in May 2002 for a term of 25 years, with rent reviews every 5th year. It is understood that the lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954, Part 2, as amended.
Rent: At a passing rent of £44,000.00
Premium: Offers in the region of £120,000.00
License/Planning:
Location: iScene Leisure Complex is situated on Clements Road, Ilford. The scheme houses an 11 screen Cineworld cinema, restaurants, hotel and a gym. The scheme benefits from 650 parking spaces at the adjoining multi-story car park and is highly accessible, being just off the North Circular with good visibility. Ilford Railway Station is less than 5 minutes walk from iScene, providing good footfall levels and nearby retailers include Marks & Spencer, Primark, Argos and Boots, all located on the nearby high street. Nearby restaurants include JRC Global Buffet, Nandos and Frankie & Bennies. Other tenants include Virgin Active and Travelodge, and iScene is located close to the Kenneth Moore Theatre.
Viewings: Through the vendors sole agents: Cedar Dean Gilmarc Attention of David Kornbluth 17 Cavendish Square, London, W1G 0PH T: 020 7100 5520 F: 020 7100 5530 E:
[email protected] The premises benefit from A3 planning use, with a premises license in place allowing the sale of alcohol until 11 pm every day of the week with standard restaurant conditions.
Confidentiality: This sale is highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of an impending sale.
Holding Deposit: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the Cedar Dean Gilmarc client account.
VAT: All rent and prices quoted may be subject to VAT.
Possession: Immediate upon completion of all legal formalities.
The particulars are set out as a general outline only for the guidance of intending purchasers or lessee and do not constitute nor constitute part of an offer or contract. They are issued without responsibility on the part of the Vendor, Cedar Dean Gilmarc Ltd or any of their respective employees or Agents. All descriptions dimensions references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection independent advice or otherwise as to the correctness of each of them. No person in the employment of Cedar Dean Gilmarc or their Agents has any authority to make or give any representation or warranty whatever in relation to this property.