Property description
Homeview Residential presents this commercial premise boasting a residential dwelling above, located on a prominent position of Barking Road within close proximity to the popular High Street North. The commercial unit is in good decorative order and comprises of ground floor unit and basement. Currently trading as a convenience store, our client has advised us that opening hours permissible are:
Monday to Saturday 10:00am to 11:00pm and Sunday from 11:00am to 10:00pm and that the residential dwelling with entrance from Barking Road located above the commercial unit is currently generating a rental income of £2100.00 PCM
Accommodation
Ground floor unit:
Ground Floor size: 960sqft approx
Basement:
Basement size: 304sqft approx
Tenure
Leasehold/Lease Assignment - £31,500 per annum.
Our client wishes to assign the lease which has just over 18 years remaining.
Fixtures & Fittings - to be negotiated
Premium - £50,000 Without Stock
Premium - £65,000 & stock
Legal Fees
Each party are to bear their own legal cost.
Rates
Interested parties are encouraged to make their own enquiries with the London Borough of Newham.
Property Features :
- Long Lease
- Security Cameras
- Business Rates - £1680.00 P/A
- Premium - £65,000
- Good Weekly Income
- 3 Studio Flats Already Rented Out
- MUST SEE - 0208 471 11 99