Restaurant Near Canary Wharf And Limehouse In East-london For Sale

Description

Restaurant Opportunity with Large Basement Kitchen

Near Canary Wharf and Limehouse, East London

Proof of Funds

To comply with the seller’s confidentiality requirements and the landlord’s conditions, all prospective purchasers must be able to provide proof of funds prior to arranging a viewing.

Overview

This is an opportunity to acquire a substantial restaurant premises in Tower Hamlets, E14, within close proximity to Canary Wharf and Limehouse. The unit benefits from strong visibility and a large internal footprint, making it suitable for high-volume dining concepts or operations that require significant kitchen capacity.

The premises are arranged across ground and basement levels and include a fully fitted commercial kitchen in the basement, supported by a food lift to improve workflow between preparation and service areas.

Key Property Highlights

• Total internal area: approximately 3,129 sq. ft
• Arranged over ground floor and basement
• Double-fronted unit providing strong street presence
• Seating capacity: approximately 80 covers
• Fully fitted basement kitchen with food lift installed
• Premises licence in place

Premises Configuration

• Ground floor: approximately 1,844.93 sq. ft
• Basement: approximately 1,284.13 sq. ft
• Covers: approximately 80

The kitchen infrastructure includes gas, extraction, and three-phase electricity. A cold room and walk-in freezer are installed but currently not in use, offering additional capacity for concepts that require larger chilled storage.

Lease and Commercial Terms

• Lease expiry: March 2035
• Lease status: Inside the Landlord and Tenant Act 1954
• Rent: ?44,000 per annum exclusive
• Rent reviews: Every four years
• Next rent review: March 2027 (previously due in 2023)
• Premium: ?125,000 (lease interest and fixtures and fittings)

Landlord Requirements

Subject to references and financial standing, the landlord may require:

• A guarantor
• A rent deposit equivalent to six months’ rent
• Standard financial and background checks

Business Rates

• Rateable value: ?36,500
• Estimated annual rates payable: approximately ?18,213.50

Interested parties are advised to confirm the rates position directly with the local authority.

Trading Information

Gross revenue details are available upon request and subject to confidentiality.

Location

The premises are located in Tower Hamlets, E14, within easy reach of Canary Wharf and Limehouse. Canary Wharf station is approximately 0.8 miles away. The area benefits from weekday demand driven by office workers and local residents, as well as additional footfall from nearby educational facilities, including the University of Cumbria (London campus).

Viewings and Confidentiality

All interested parties must provide proof of funds sufficient to meet the premium and the landlord’s requirements. A Non-Disclosure Agreement must be agreed prior to receiving further information or arranging a viewing.

Viewings are strictly by appointment and handled exclusively through Restaurant Property Sellers. Use of the website is subject to the company’s Terms and Conditions.

Disclaimer

The information provided has been supplied by the seller and is believed to be accurate; however, it is provided without warranty. Prospective purchasers must rely on their own inspections and professional advice to verify all details. Neither the agent nor its employees are authorised to make or give any representation or warranty in relation to this property.