Property description
This is a fantastic opportunity to acquire this corner commercial unit. The unit is located opposite Costcutter and next to the Paddy Power, Ladbrokes, Post Office and Troxy venue – hosting anything from concerts, company conferences, indoor sports to weddings. The property is in good condition and benefits from marble flooring, inside seating area for 40 people, fully fitted kitchen, toilet and basement.
The Limehouse station is only few moments away and the area is easily accessible via A13 and A1203. Commercial road is currently under huge redevelopment at both the Aldgate end and the Canary Wharf end. A short walk down commercial road will reveal a number of residential and commercial developments currently underway. Commercial Road runs east from Aldgate to Limehouse and Canary Wharf. Beyond which is access to Blackwall Tunnel and A12 trunk road. At this point there is excellent access to A406 North Circular and M11 and other major trunk roads.
AccommodationGround Floor:
Width/Frontage: 15” approx
Depth: 36“approx
Ground Floor size: 540sqft approx
Kitchen:
Width/Frontage: 12” approx
Depth: 22“approx
Kitchen size: 264sqft approx
Basement:
Width/Frontage: 16” approx
Depth: 24“approx
Basement size: 384sqft approx
Total accommodation size: 1188sqft approx
Lease Term/Commencement Our client wishes to assign the original lease (20 years lease) which has 14 years remaining. We have been advised by our client that the rent reviews are every 5 years.
Rent £12,000 per annum.
Premium £65,000.
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 the current business rates payable are £6,000 per annum. However, all interested parties are encouraged to make their own enquiries with London Borough of Tower Hamlets.
ViewingsBy prior appointment through multi selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057
Disclaimer
Ranson UK Limited their clients and any joint agents give notice that:
1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Ranson UK Limited have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Image of misc
Image of kitchen
Image of misc
Image of misc
Image of dining room
Image of dining room
Property Features :
- Corner A3 unit
- Large Ground Floor/Basement
- Seating Area 40 People
- Fully Fitted Kitchen
- Busy Junction