Property description
This is an opportunity to acquire established business. 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 ground floor retail space. We have been advised by our client that the net profit is approx. £40,000 per annum. 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.
AccommodationMain Area:
Width/Frontage: 19” approx
Depth: 14“approx
Main Area size: 266sqft approx
Total accommodation size: 266sqft 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 reviews every 5 years.
Rent £14,500 per annum.
Premium £15,000 negotiable
Legal Fees/Cost Each party is to bear their own legal cost.
VATThis property is not elected for VAT.
RatesWe have been advised by our client that there are no business rates payable. However, all interested parties are encouraged to make their own enquiries with London Borough of Tower Hamlets.
ViewingsBy prior appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057
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Property Features :
- Established business
- High footfall
- No business rates
- Healthy net profit
- 0.2 miles from Bethnal Green station