Summary

We are pleased to offer a prime restaurant lease opportunity in the sought-after area of Leytonstone, London. The property benefits from a strategic location with excellent transport links, a growing local community, and a thriving food scene.  Guide Price between £100-£120,000.

The lease details are as follows:

Key Lease Terms:

• Annual Rent: £30,000, payable quarterly in advance.
• Lease Term: 13.5 years, on a full repairing and insuring lease.
• Lease Type: The lease is outside the provisions of the Landlord and Tenant Act 1954.
• Deposit: A deposit equal to four months’ rent is required upon completion.
• Rent Review: The lease provides for rent reviews every five years, with a 12% increase in the annual rent.
• Break Clauses: There are mutual break clauses at the 5th and 10th anniversaries of the lease term.
• Timescale: The lease is available for immediate commencement upon completion of legal formalities.

Benefits of the Location:

• Excellent Transport Links: Leytonstone is just 7 miles from Central London, with immediate access to the Central Line and various bus routes. This ensures high foot traffic and ease of access for both local and commuting customers.
• Vibrant, Growing Area: Leytonstone is undergoing significant growth, with a rising population and increasing demand for dining options. The area has established itself as a cultural hub, with a variety of independent restaurants, bars, and cafes.
• Affordable Rent in a Prime Location: Compared to Central London, Leytonstone offers competitive and more affordable rental rates, making it an ideal location for new businesses looking to manage overheads while benefiting from high customer visibility.
• Strong Local Community Support: The area is home to a diverse and engaged local population, providing a steady customer base. The local council and business community are also highly supportive of new ventures, offering a conducive environment for business growth.
• Cultural and Leisure Attractions: Leytonstone is known for its cultural landmarks, parks, and recreational spaces. These attractions help drive foot traffic to the area, ensuring a consistent flow of potential customers.
• Growth Potential: With ongoing residential and commercial developments in the area, the potential for business expansion is strong. As the area continues to evolve, so too will the opportunities for increased footfall and customer base.

Summary:

This is an exceptional opportunity to secure a long-term lease for a restaurant in a highly desirable and rapidly growing location. The property offers competitive rental terms, excellent transport access, and a supportive local business environment, making it an ideal choice for anyone looking to establish, invest or expand their restaurant business in London.

For further information or to arrange a viewing, please contact us on 07405643630.