Summary - 197-201, HIGH STREET RM11 3XT
1 bed 1 bath Restaurant
Versatile multi-room restaurant and bar in a busy commuter town centre.
70-cover ground floor restaurant with exposed timbers and original fireplaces|First-floor private function room for 30 covers, currently used for storage|Standalone rear bar/function area 40 covers, up to 180 standing|Includes all trade fixtures and fittings; ready to trade immediately|Off-street car park for six vehicles and rear courtyard seating circa 30|Grade II listed — alterations require listed building consent; restrictions likely|Leasehold: FR&I lease 10–20 years, £70,000pa rent, rent deposit and guarantees required|EPC D; 376 sqm total area, refurbishment likely to modernise facilities
Set in a Grade II listed 17th-century building on Hornchurch High Street, Mandarin Palace combines period character with a versatile hospitality layout. The ground floor operates as a 70-cover restaurant with exposed timbers and original fireplaces, while a first-floor private function room (30 covers) and a standalone rear bar/function space (40 covers, up to 180 standing) give multiple income streams and event potential.
This is a hands-on opportunity for an experienced operator or investor with high-street hospitality experience. The premises already hold a Class E licence covering live/recorded music and late-night refreshment and include all trade fixtures and fittings. There is scope to increase revenue by exploiting licensed hours, activating the first-floor room (currently used for storage), and programming events in the rear bar.
Material constraints are clear: the property is leasehold with a fully repairing and insuring lease (10–20 years), an annual rent of £70,000 and rent reviews every five years; a three-month rent deposit and personal guarantees will be required. The listed status brings planning and alteration restrictions and will complicate major works. Energy Performance is rated D. Annual business rates reflect a rateable value of £48,750.
For buyers considering this property, the combination of prime High Street visibility, multiple trading spaces, included fixtures, and off-street parking (6 spaces) is attractive — but factor in listed-building consent requirements, the lease commitments, and potential refurbishment costs to modernise trading areas or kitchen equipment.
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