Property description
We are proud to present this spacious A1 commercial leasehold property in the heart of Tower Hamlets. Located on the busy Commercial Road only a 5 minute walk from Limehouse Station. Canary Wharf is also situated only a short 5 minute drive from the property. The property is situated in a prime location with many clubs, bars and retail properties stretching the far distance of this road. The renowned Troxy Banqueting Hall is also situated opposite the property proving a great advantage to this business. The area is also rife with residential properties and many offices which prove great clientele for any potential businesses.
This is a great opportunity to acquire a highly visible glass fronted A1 commercial property located on Commercial Road. A highly popular location with a high level of footfall and car traffic this property is ideally located ensuring maximum visibility. Currently trading as an internet Café this property has the potential to host many different business venture with the tools needed to be successful. The property is has a total measurement of 480 sq. ft. (approx.) with a spacious basement which can be used as adequate storage space. The landlord has given permission to any potential buyer to change usage to A3/A5 if wished to do so. The seller is offering this Commercial Leasehold with 9 years remaining. The seller seeks £45,000 for goodwill fixtures and fittings.
Accommodation
Shop Floor: 15.01 ft. x 19.41 ft.
Basement: 13 ft. x 15 ft.
TOTAL – 486.31 sq. ft.
Tenure
Lease Assignment – Our client wishes to assign this lease with 9 years remaining.
Premium
Our client seeks a premium of £45,000 for goodwill, fixtures and fittings.
Rent
The rent for this business is £12,700 per annum with the next rent review in 4 years’ time.
RATES
We advise interested parties to make their own enquires with the local authority. In this case the local authority being Tower Hamlets Council
Legal Fees
The incoming tenant is to bear all legal cost including the sellers.
VIEWING:
To arrange a viewing please call us on the number above or alternatively you can the Property Manager directly on 07415 863 800. If you have any questions or enquires please don't hesitate to call our office we are more than happy to answer any of your questions
Property Features :
- Landlord Permission for A3/A5
- Located on Popular Commercial Road
- Glass Fronted
- Large Basement
- High Ceilings