Property description

Large corner unit on prominent High Street.-TO LET / LEASE ASSIGNMENT

This is an excellent opportunity to acquire this large corner unit. The footfall in this location is very high. This has been recognized by many established brands such as Iceland, McDonald’s Santander, Betfred, Paddy Power, KFC and Barclays who currently occupy this High Street. The property comprises of spacious ground floor retail space, storage room and toilet. The property is located next to McDonalds and opposite Iceland. This unit presents excellent opportunity for someone who wants to take over this running business. Otherwise, the shop is suitable for a variety of A1 retailers.

The High Street is easy to get to by public transport and car with the area served by many local bus routes. Bethnal Green station (Central line) is 0.2 miles away providing convenient connection to Central London.

Accommodation
Main Area:
Width/Frontage: 17” approx
Depth: 82 “approx
Main Area size: 1,400sqft approx

Total accommodation size: 1,400sqft approx

Lease Term/Commencement
Our client wishes to assign the lease which has 20 years remaining. We have been advised by our client that the lease is automatically renewable.

Rent
£27,500 per annum.

Premium
£130,000 New Premium: £110,000

Legal Fees/Cost
Each party is to bear their own legal cost.

VAT
This property is elected for VAT.

Rates
We have been advised by our client that the current rates payable are approx. £9,200 pa. However, all interested parties are encouraged to make their own enquiries with London Borough of Tower Hamlets.

Viewings
By prior appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057

    

Disclaimer

Property Features :

• Corner premises
• Large ground floor
• High footfall
• Prominent position
• Air conditioned