• Licensed Italian Restaurant with Accommodation Greater London

    LNW5427
    Click image to enlarge
    £95,000 oiro
    Eastcote Greater London
    • • Established since 1978
    • • Covers for 50 people comfortably but can seat up to 60
    • • 4 bedroom self-contained flat above
    • • Located on a busy shopping parade
    • • Leasehold premises

    Description

    Ortenzi Italian restaurant serves authentic Italian food and has been established since 1978 with an excellent reputation and repeat clientele from surrounding areas. There is the rare advantage of an entirely self contained, spacious flat above the restaurant providing additional income. Currently covers for 50 people comfortably but can seat up to 60. Commercial kitchen to the rear with a yard for extra food preparation and storage. The business would suit an owner/manager or existing operator looking to build on the potential of the business by opening longer hours.  The current owners signed a 15 year lease from March 2008 with 7 years left to run. Rent reviews every 5 years. It is a lease with a current rent of £27,740.00 per annum. Business rates currently are £7,000.00 per annum.

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