Restaurant to Let – Docklands

£117,000 /pa

Description

A fantastic opportunity to take on a substantial restaurant in an excellent location, with great turnover and huge potential for improvement.

Comprising a substantial restaurant and premises which are currently trading as an
Oriental and Indian mixed menu restaurant with 190 covers (150 inside and 40 al fresco on
the front terrace which is also included within the demise). This restaurant is the first
restaurant that you come to when you leave the ExCel centre by the main entrance. The
business has been trading for a number of years with a good turnover and has peak
periods when the exhibitions are in full swing. The premises are licenced for music and
alcohol from 12:00 midday to 3:00 am seven days a week.
The premises are arranged as mainly open plan restaurant and bar area, large fully fitted
kitchen, male and female WC’s, private dining room, manager’s office, various storage
rooms plus a walk-in freezer and walk-in cold room in the basement area and further
storage at this level. The premises has two demised parking spaces within the rear loading
bay.
Additional turnover is derived from delivery and collection which is strong in this area. The
business is signed up to Just Eat, Uber Eats and Hungry House.

Rent £70,000 pa
Rates £35,000 pa
Service Charge £12,000 pa
Premium £250,000

Accommodation:

Main restaurant area and kitchen area including WC’s 320.88 sq m (3453 sq ft)
Office, private dining and store room 32.40 sq m (348 sq ft)
Small store and stairwell 4.94 sq m (53 sq ft)
Cold room and freezer area 12 sq m (129 sq ft)
Ground floor basement store 10.50 sq m (113 sq ft)

Total area (approximate) 380.72 sq m (4097 sq ft)

Location:

Situated adjacent to ExCel at Royal Docks. The nearest stations are Royal Victoria and
Custom House DLR stations (Custom House is also becoming a Crossrail Station and
expansion works are underway) and the Emirates Airline cable car link. The premises are
surrounded by numerous hotels, restaurants and bars and benefit from the enormous influx
of exhibition visitors and set-up staff over approximately ten months of the year. ExCel is
the premier exhibition centre for London. The location has a large amount of residential
accommodation and hotel accommodation producing an all round clientele. Additionally
within Royal Victoria Dock is used for numerous water sport activities and triathlons and
marathons that come through this location.