An established fish and grill restaurant in Romford has been put on the market for £550,000, according to London Now.
Situated on Main Road in Gidea Park, the business offers seating for 80 guests both indoors and outdoors and holds a licence to serve alcohol.
Century24 Ltd, the estate agent managing the sale, has advised prospective buyers not to contact the owner directly, reports our sister title London Now.
According to the Zoopla listing, the property features a drinks bar and a fully equipped commercial kitchen.
It also includes separate staff and customer toilets, as well as a "large storage area" at the back of the restaurant.
The venue is fitted with an air conditioning and heating system.
The property is located in a "popular area of Romford" with a large residential area, Century24 noted.
The estate agent added that the commercial unit is positioned to capitalise on "good passing trade".
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The listing specifies no approach whatsoever should be made to the owner of the premises.
This business opportunity comes with an included business premium which encompasses fixtures and fittings.
In addition to the guide price, annual rent is set at £55,000 and an advance quarterly deposit will be needed.
The turnover of the business is noted as £20,000 a week according to estate agent listing.
It recommends prospective buyers to verify business rates with the local authority prior to purchase, which is estimated to be around £12,000 per month.
The lease has a 15-year open tenure and uses include both restaurant and hot food takeaways as well as selling alcohol.
The estate agent highlights the importance of the location of the restaurant.
Century24 said: "This commercial unit is situated in an excellent location, benefiting from good passing trade, and within popular area of Romford with large residential area."
Free local parking was noted as a benefit for this location.
Century24 advises that the particulars are only a general guide.
The listing remarks the details provided are in view of promoting the sale, hence if any particular points are of interest, these should be checked with the agent before making the journey for a viewing.
It also advises potential buyers to commission their own survey or service reports to ensure everything is in order with the property and its fittings.
According to the listing, any interested parties would be encouraged to produce identification documentation to ensure no holdups with the sale.
