Property description
A1/A2 retail the property is located on High Street North, only few minutes away from East Ham station (Circle, District, Hammersmith and City lines).
The shop is currently running as a grocery store, we are advised the daily turnover is £600 per day currently making a net profit of circa £1,000 per week. The premises also has an alcohol license and a lottery machine.
The property is situated in a prime location High Street North (A117). East Ham Underground Station (District Line) is a short walk from the property
Ground floor:
Ground floor size: 700 sq ft approximately
Basement:
Ground floor size: 300 sqft approximately
Lease Term/Commencement:
Assignment of the renewable lease which has 9 years remaining.
Rent:
£32,000 per annum
Premium on Application
Legals:
Each party is to bear their own legal cost.
VAT:
This property is not elected for VAT.
Rates:
We have been advised by our client that the current business rates are £5,000 per annum. However, all interested parties are encouraged to make their own enquiries with London Borough of Newham.
Notice
All photographs are provided for guidance only.