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Shop for sale / to let

For sale: Price on application
To let: Price on application

Cranbrook Road, Ilford, Essex, IG2

Keywords: Shop

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Scoops (single unit)

Size: 194(sq m)

• ADVISED AVERAGE GROSS WEEKLY TURNOVER £3,500 –GP 60%
• FURTHER TRADING SPACE POTENTIAL IN BASEMENT STPP
• RECENTLY REFURBISHED AND EQUIPPED TO A HIGH STANDARD
• EXTRA EXTERNAL SEATING AREA AVAILABLE
• EXCELLENT TRANSPORT LINKS
• 60 INTERNAL COVERS




LOCATION
The subject premises occupy a prominent main road position on the south-east side of Cranbrook Road (A123), just east of the junction with Eastern Avenue at Gants Hill Cross. The shop forms part of a parade of shops a short distance from Gants Hill roundabout and Gants Hill Underground station (Central Line).

DESCRIPTION
The premises is a double fronted lock up unit arranged over the ground floor and basement. The restaurant was recently fully refurbished with new fixtures and fittings, including tiled flooring and custom fitted seating. There is a kitchen, extra storage and a WC at the rear. There is also a rear access road with separate entrance to the basement.

THE BUSINESS
The ice cream shop/café which was established by our client in 2009 serves ice cream, milkshakes, coffees, juices, sandwiches, desserts and shisha. The business also benefits from a late night refreshments license. There is a large basement which can be directly accessed from the shop floor if a staircase is re-installed. The basement can be converted into a party room, private room hire or extra dining space by the incoming tenant, STPP. We have been advised by the owner that the average gross weekly turnover is £3,500, generating a gross profit of circa 60%.

INTERNAL
The restaurant has 60 covers with the option for extra external seating. This includes 4 tables with 16 chairs and 7 upholstered booths with suspended tables
Large custom made display chiller
1 Ice cream maker
Illuminated Menu boards
Male and female WC
Kitchen with deep fryer, 2 fridges and 3 freezers

STAFF
Operated by 2 full time and 2 part time staff members.

TRADING HOURS
Mon – Thurs 11am -12pm
Fri – Sun 11am – 2pm

LEGAL COSTS
The incoming tenant is to pay for the landlords legal costs relevant to the assignment of their lease.

TERMS & TENURE
The premises are held on a FRI lease granted in May 2009 for a term of 15 years subject to 5 yearly rent reviews. The annual rent passing is £28,000.

BUSINESS RATES
We have been advised by our client that the business rates payable for 2010/2011 is £6,000. This is to be confirmed with the council.

INTERNAL AREAS
The property offers the following approximate
dimensions:

Shop:
Zone A 100.5 sq. m. (1081 sq. ft.)
Basement 87.4 sq. m. (940 sq. ft.)
Ancillary Areas 6.39 sq.m (68.75 sq. ft)
Total NIA 194.3 sq. m. (2089.8 sq. ft.)

VIEWING ARRANGEMENTS
All viewing arrangements are to be made via Belleveue Mortlakes. Please contact Cherelyn Elbourne on 0208 3709247 to arrange.
BELLEVEUE MORTLAKES COMMERCIAL AGENCY
LOUGH POINT 2 GLADBECK WAY,
Enfield,
EN2 7JA
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