Summary - Restaurant, Gants Hill, IG2 IG2 6LL
1 bed 1 bath Restaurant
Move-in ready unit with heavy footfall beside Gants Hill station for experienced operators.
- Over 1,500 sqft across ground and basement levels
- Directly adjacent to Gants Hill Underground station, high footfall
- Fully fitted bar, walk-in fridge, commercial kitchen and CCTV
- Rent £28,000 per annum; premium £170,000 for assignment
- Leasehold with 18 years remaining — lenders may refuse mortgages
- Ingoing tenant pays landlord legal fees and £750 admin charge
- High local crime rate; factor security and insurance costs
- Fast broadband and excellent mobile signal, busy retail parade nearby
A rare, large town-centre restaurant premises of just over 1,500 sqft, located directly next to Gants Hill Underground station on a busy high street. The ground floor dining area has a modern fitted bar and bright interior; the lower level houses a substantial commercial kitchen, walk-in fridge and separate his-and-hers WCs. The unit is offered move-in ready with lighting, stereo, alarm and CCTV already installed.
Financially the property is offered as a leasehold assignment with rent reviewed to £28,000 pa and a premium of £170,000. The lease has 18 years remaining—long enough for trade but short for many mortgage lenders, so purchasers will likely need cash, specialist lender advice, or a purchaser experienced in lease assignments. Ingoing tenant is responsible for the landlord’s legal costs and a £750 (inc. VAT) administration fee applies.
This location benefits from excellent pedestrian and transport footfall, a dense mix of retailers and nearby amenities, and fast broadband/mobile signal. Note the immediate area records higher-than-average crime rates; operators should consider security planning and insurance costs. Interested buyers should also make their own enquiries on business rates and licences before committing.
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