Property description
We are proud to present this excellent Lease Assignment with 6 years remaining. An A3/A5 café restaurant close to the Canary Wharf area (precisely opposite Britannia International Hotel), currently trading as an Oriental Cuisine specialising in Sushi. It is located few minutes away from Canary Wharf Station and South Quay DLR. Well-known brands, such as Tesco (1 minute away), and, other shops (retail, bars, restaurants, supermarkets) are very close-by. The property is surrounded by many residential buildings and many residential houses as well as the ever present offices scattered in and around the Isle of Dogs and Canary Wharf all proving great clientele for this business. This is a very popular residential and commercial area with iconic apartment complex’s surrounding the unit and more currently being developed such as the Novotel Hotel directly opposite the business which is only a few months from completion.
This is a great opportunity to acquire a highly popular business located in a great area currently running as an Oriental Sushi restaurant the business offers A3/A5 usage. This proves ideal as it is possible to do deliveries to the many offices that this business already delivers to. The property has a rental figure of £16,800 which is extremely competitive bearing in mind it is located so close to Canary Wharf. There is a premium of £95,000 for this property this has been valued on the following factors. Location, Fixtures and fittings, running business and the fact it currently generates £2,500 - £3,500 per week.
Accommodation
Ground Floor - triangular shaped shop
Width/Frontage: 35’62” approx
Depth: 38’89” approx
Height: 11.50” approx
TOTAL AREA: 820 sqft (approx)
Tenure
Leasehold/Lease Assignment – £16,800 per annum
Our client wishes to assign the lease which has 6 years remaining. We have been advised by our client that the lease is renewable.
Premium: £95,000
Our client is seeking premium for the benefit of goodwill, locality (Novotel developments taking place directly in front of the unit), fixtures and fittings. Our client has informed us that the new state of the art developments taking place in the surrounding area can be viewed on the Tower Hamlets Council's official website.
Viewings
To view this property, please call and ask for Dobir to arrange viewing appointments.
Tel: 020 7510 0860
Direct Line: 07415 863 800
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Property Features :
- A3 & A5 Use Class
- Newly Refurbished
- Minutes away from Canary Wharf Station
- Low rent
- No water rates