3 The Avenue, Highams Park, London, E4 9LB

  • Retail, Investment
  • 870 sq ft
  • For Sale
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Freehold Licenced Bar
Property Type Retail, Investment
Tenure For Sale
Size 870 sq ft
Freehold Price Offers in excess of £750,000
Business Rates £8,820 (based on rateable value of £17,750)
Energy Performance Rating This property has been graded as 116 E

A rare freehold opportunity to secure a ground floor licensed bar with 2 bedroom flat above in excellent condition.

Key Features

  • The premises provides a fully equipped bar which has been recently refurbished to a very high standard
  • A4 bar consent with licence until 2am Fridays and Saturdays. 1am for the rest of the week.
  • Living accommodation above with planning consent for an extension.

Location

Situated on the west side of The Avenue in a busy town centre location. Highams Park Station is nearby offering regular overground services to London Liverpool Street (journey time approx. 26 minutes). The Avenue links with Hale End Road just to the south of the subject property and access to the A406 North Circular Road is within 0.6 miles. Highams Park has seen major investment in recent years with the construction of a new Tesco superstore, luxury flats and additional retail outlets. This regeneration looks set to continue with the recent announcement of a new town centre redevelopment at the Regal building to include a new cinema. Residential values in the town have increased dramatically, alongside neighbouring areas such as Walthamstow and Woodford.

Available area

DescriptionSizeAvailability
Ground floor870 sq ftAvailable
First/Second floor flat Available

Use

The property is being used for private hire events only. The current operators are prepared to share turnover and profit information with serious interested parties. The ground floor commercial currently has permission for an A4 licensed bar premises. The license allows for 2 am closing on Fridays and Saturdays and 1am on all other nights. There is also planning consent for an extension to include a third bedroom

Fixtures & Fittings

All the current fixtures and fittings will be included in the sale. These include air-conditioning, 2 LCD TV’s, bar fridges, digital till, ice machine, glass washer and a fully equipped kitchen.

Legal Costs

Each party to bear their own legal costs incurred in this transaction. The prospective purchaser is to give an undertaking through their solicitors prior to the commencement of legal formalities for any abortive legal cost, should they withdraw from the transaction for whatever reason.