ICONIC CHINESE RESTAURANT IN CENTRAL LONDON CHINATOWN, W1 Reference No: E7641J
Price:
£ 650,000
Description
LOCATION: In the epicentre of the London West end between the expansive hub of glitzy Leicester Square and Piccadilly Circus with events and activities throughout the year, this is the go-to district with a compelling line up of restaurants and clubs teeming with lantern-lit lanes within the main focal point of Central London.
DESCRIPTION: The Single fronted (5,520 sq ft) restaurant has a bar section and the main restaurant on the ground floor (1,380 fq ft). On the 1St floor. (1,320 sq ft) is also bar section and restaurant area with 70 covers, a storeroom, a dumb waiter, ladies and gents wc’sand fire exit. On the 2Nd floor (500 sq ft), is the preparation area, a wash up area, a large walk in cold room, a freezer and a small storage area. The rear door leads to the staircase and 2 dumbwaiters. The 3rd floor (1,000 sq ft) comprises the staff wc, a small store room, a large fully fitted and well equipped kitchen and stock room with 2 dumbwaiters.
The basement (1,320 sq ft) has a very large stockroom, 2 offices, staff wc, a separate storage area and a staff changing room. There are 2 other additional storage rooms, a fire exit to the front of the premises and a staircase that leads to the ground floor.
BUSINESS: In the same hands since 1987, run with 10 full time and 10 part time staff. Taking £30,000 pw at 65%/75% g,p. Full accounts available. Genuine retirement sale.
EQUIPMENT: Fully fitted and equipped for the trade comprising a glass fronted wine fridge, a Sharp microwave, a 2 chest freezers, a Buffalo mincer, a Foster walk-in freezer, a Foster walk-in cold room, 2 Scandia walk in freezers, an 8 burner wok gas cooker, 3 steamer units, a Buffalo mixer, 2 burner wok gas burners, a stainless steel 4 burner gas cooker, 3 door stainless steel preparation fridge, a Buzzard stainless steel upright fridge on the ground floor, a Foster stainless steel upright freezer, a small chest freezer, 2 small steamers, a Delfield stainless steel upright fridge, 5 stainless steel preparation tables, furniture, etc.
HOURS: 11.30 am to 11.30 pm.
TENURE: Renewable 15 year lease from 25 December 2017 with 5 yearly rent reviews at the rent of £350,000 pa.
RATES: £186,500 pa. payable.
VIEWINGS/NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES on 020 7935 3939