Chapel Road, Ilford, IG1

Description

The Famous Champs Sports Bar & Grill is now available to purchase! With the full building size of 6027 Sq Ft, 13 Screens, 220 person capacity - what more could you want to invest in? Open to see more.

**REF: BRGRA**
**Enquire for Viewing Details**

FOR SALE : Highly Prominent Town Centre Venue with a Rare 3:00am Weekend Licence.
Currently a sports bar premises. Rare opportunity in the London Borough of Redbridge to acquire a fully fitted late-night venue. A brand-new negotiable Free Of Tie 10 - 20 year lease available on completion

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. With 105 seated capacity and 220 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. Currently Sui Generis with straightforward transition pathways to Class E (Commercial, Business, and Service). Landlord fully cooperative

Key Selling Points:
- A negotiable 10-20 year lease (protected by the Landlord and tenant act 1964)
- Rent Cost: £30,000 per annum - A SAVING OF £15k Per annum from previous years & Fixed until 2030
- Rateable value is £36,000 – Rates payable are £10,500 Per Annum
- Pre Covid sales - £8-10K a week in wet and dry sales - £415K - £520K+ Yearly – Has hit highs of £16K weekly
- Council Tax: £2000 per annum
- 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).