Chapel Road, Ilford, IG1

Offers Over £400,000

Description

The Famous Champs Sports Bar & Grill is now available to purchase! With the full building size of 6027 Sq Ft, 13 Screens, 250 person capacity - what more could you want to invest in? Open to see more.

**Property Ref: BRGRA**
**Enquire for Viewing Details**

Tyron Ash Real Estate are pleased to present the famous Champs Sports Bar & Grill to the market, a staple of Ilford and is THE place to watch sports in the area, with 13 screens. It is also has a late license to 3am on Fridays and Saturdays, perfect to make extra capital. With 105 seated capacity and 250 full capacity, this is a large space to have plenty of happy customers. The full building is 6027 Sq Ft in Size, so space truly is in abundance.

Key Selling Points:
- 14 year lease for sale (protected by the landlord and tenant act 1954)
- Rent Cost: £36k pa rent on a tied beer model - next rent review in 2025
- Rateable value is £24,100 – Rates payable are £7500 and council tax is £1350 yearly
- Pre Covid sales - £8-10K a week in wet and dry sales - £415K - £520K+ Yearly – Has hit highs of £16K weekly
- Has a trade kitchen, staff room with toilet/shower and a Managers Office
- Current license allows you to open from 9am everyday
- Has a 3am license on Friday and Saturdays (latest in the area), all other days until 1am
- Has a 3 bedroom flat with a shared kitchen and bathroom

Area:
Ilford is one of North East London's largest and most cosmopolitan towns. Ilford's High Road is home to the Exchange Ilford, an extensive retail centre that houses a wide selection of shops, cafes, restaurants and independent boutiques. Champs also benefits from being just a 1 minute walk from Ilford Station, which will benefit from the cross rail project (Elizabeth Line).

Features

  • 1 open spaces
  • 1 total car accomondation
  • Build area of 6027.00 sq ft

Full AddressChapel Road, Ilford, IG1

Details

Price: Offers Over £400,000

Property Size: 6027.00 sqft

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