Property description
We are proud to present this highly visible A1 Usage Retail Business located on Burdett Road measuring over 1,200 sq. ft. (approx.). Burdett Road offers a vast amount of footfall and a steady stream of Traffic passing the property both during day and night. Burdett Road is home to a variety of banks, cafes, restaurants and multiple retailers such as Greggs, Tesco’s and Lidl. Pay and display parking is available on the street and Westferry Station is a short 5 minute walk from the property. The A13 and A12 is easily accessible through Burdett Road linking you to both Stratford and Canary Wharf within a short 5 minute drive.
This is a great opportunity to acquire this spacious A1 retail unit currently trading as a successful Salon. The property boasts a large space of 1,245 sq. ft. The property has been decorated to an extremely well standard with 4 new rooms which have been built with secure walls for private masseuse.
This is a lease assignment with a new lease being offered with the term open to negotiation. The rent for this property is £16,000 per annum. The seller is seeking a premium of £70,000 for goodwill fixtures and fittings.
Accommodation
Shop Floor: 886.07 sq. ft.
Garden: 268.82 sq. ft.
TOTAL – 1,244.71 sq. ft. (approx.)
Tenure
Open / Renewable Lease - £16,000
Our Client wishes to assign a lease with 14 years remaining.
Premium
Our client seeks a premium of £70,000.
Legal fees
Incoming tenant to be responsible for their own, outgoing tenant’s and landlord’s legal fees.
Rates
We have been advised that the rates payable is £8,000 per year approximately. However, interested parties are encouraged to make their own enquiries with the local authority. Please note that there are various Business Rate Exemptions for small and new businesses with the Local Authority.
Property Features :
- Located on Busy High Road
- Long Lease 14 Years Remaining
- Large Shop Over 1,200 sq. ft. in Total
- Competitive Rent £16,000
- A1 Usage Property