£40,000 pa
(£6.56/sq. ft. pa)
Leisure/hospitality to letRed House, 299 Barking Road, London E13
6,102 sq. ft
About this property
Located on a busy arterial road (A124)
Refurbished bar & lounge
Premises benefits from modern interior
Premises licence and late licence for Friday and Saturday evenings
Situated in a disreable location in east London
Scope to increase services for restuarant and entertainment
Estimated Rates Payable: £11027.9
Description
The subject premises is prominently located on a main arterial road and has recently undergone refurbishment, featuring a modern fit-out. There is significant potential to expand the business by introducing additional food and drink offerings during the evening. The property also includes an external forecourt and an unused basement, which could be repurposed as a function room or a separate venue.
Location
The 'Red House' premises is situated on the north side of the busy Barking Road (A124), approximately 0.6 miles east of Canning Town. The location offers convenient access to the A13, providing westbound connections to Canary Wharf, Docklands, and the City. Heading east, the A124 leads towards Plaistow.Canning Town Station, 0.7 miles from the property, offers Jubilee Line and DLR services, while Plaistow Station, 0.9 miles away, provides access to the District Line. Additionally, Custom House DLR Station is located 1.2 miles south of the premises. Several bus routes serve the area, offering excellent connectivity to various parts of east London.
Lease
The property is available on an effective Fri lease for a term of 20 years with effect from 30/05/22, subject to a rent of £41,352.84 pax plus VAT and rent review on a five yearly basis and increased by annual rpi (collared and capped between 2.5% and 5%).
Legal Costs
Each party to bear their own legal costs in the transaction. The prospective assignee to give a solicitor undertaking to pay for the landlords legal and surveyor costs.
Premium
On request.
The subject premises is prominently located on a main arterial road and has recently undergone refurbishment, featuring a modern fit-out. There is significant potential to expand the business by introducing additional food and drink offerings during the evening. The property also includes an external forecourt and an unused basement, which could be repurposed as a function room or a separate venue.
Location
The 'Red House' premises is situated on the north side of the busy Barking Road (A124), approximately 0.6 miles east of Canning Town. The location offers convenient access to the A13, providing westbound connections to Canary Wharf, Docklands, and the City. Heading east, the A124 leads towards Plaistow.Canning Town Station, 0.7 miles from the property, offers Jubilee Line and DLR services, while Plaistow Station, 0.9 miles away, provides access to the District Line. Additionally, Custom House DLR Station is located 1.2 miles south of the premises. Several bus routes serve the area, offering excellent connectivity to various parts of east London.
Lease
The property is available on an effective Fri lease for a term of 20 years with effect from 30/05/22, subject to a rent of £41,352.84 pax plus VAT and rent review on a five yearly basis and increased by annual rpi (collared and capped between 2.5% and 5%).
Legal Costs
Each party to bear their own legal costs in the transaction. The prospective assignee to give a solicitor undertaking to pay for the landlords legal and surveyor costs.
Premium
On request.
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