Property description

Description
The property comprises of a commercial unit extending to approximately 1377ft² (128m²) and the freehold of the building. The commercial unit is accessed Plaistow Road.

Location
The property is prominently located on Plaistow Road within the London Borough of Newham, situated within 100 metres of Plaistow tube station.
The area comprises a mix of residential and commercial uses, with the majority of shops, restaurants and amenities focused around Plaistow Road which leads to Stratford Broadway and Westfield Shopping Centre.

Use
The commercial property on the ground floor is classified as sui generis. There may be potential for other uses, subject to obtaining all necessary consents.

Income
The betting shop is currently let out to William Hill on a 10 year lease at an annual rent of £12,000 with 8 years remaining. Rent review is every 5 years.
The 1st floor 1 bedroom flat has been sold on a 99 year lease with 85 un expired years, ground rent being £50 per annum.

Rates
Rateable Value of the commercial unit is £9,300 per annum.

Terms
Offers are invited in the region of £250,000 per annum for the freehold interest.

VAT
We understand the property is not elected for VAT.

Additional Information
Further information, including floor plans are available upon request.



Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.