89 Green Street, London, E7 8JF

  • Retail, Investment
  • 1,664 sq ft
  • For Sale
89 Green Street, London, Retail, Investment For Sale - Green Street, 89. 03.05 (25).JPG
89 Green Street, London, Retail, Investment For Sale - Green Street, 89. 03.05 (26).JPG
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89 Green Street, London, Retail, Investment For Sale - Green Street, 89. 03.05 (11).JPG
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89 Green Street, London, Retail, Investment For Sale - Green Street, 89. 03.05 (22).JPG
RARE FREEHOLD
Property Type Retail, Investment
Availability For Sale
Size 1,664 sq ft
Price Offers in excess of £650,000
Business Rates £9,580 (based on rateable value of £20,000). We recommend the purchaser make their own further enquiries if requried
Energy Performance Rating Upon enquiry

Sought after location within the famous “Green Street” location to provide a premises operating as a restaurant

Key Features

  • RARE “FREEHOLD” INVESTMENT OPPORTUNITY
  • A3 RESTAURANT ON FRI TERMS
  • INCOME OF £35,000 PER ANNUM EXCLUSIVE

Location

The shop premises is situated on the Eastern side of Green Street, lying approximately midway between Green Street with Henderson Road to the North and Sherrard Road to the South. Green Street is a well-known retail thoroughfare within East London, offering a range of national retailers towards its southern end and a more specialised mix of ethnic, fashion, jewelers and catering uses towards its northern end. Public transport is well provided for in the area, with regular bus services running along Green Street and with both Upton Park Underground Station and Forest Gate Main Line Station and Woodgrange Park (underground) being within reasonable walking distance.

Available area

DescriptionSize
Ground floor 713 sq ft
First floor 576 sq ft
Second floor 217 sq ft
total 1,664 sq ft

Accommodation

Address Present Lessee Accommodation area Lease Terms Current Rent Next review
89 Green Street Mr Zeeshan Yasser Ahmed

Ground floor - 66.24m2

First floor - 53.53 m2

Second floor - 20.13m2

16 years from March 2016

Rent review every 4 years

Full repairing and insuring terms

£30,000 pax

Vendor to top up the rent to £35,000pax with the forthcoming increase due on 1st March 2019

Rent reserved at £35,000pax with effect from March 2019

 

Price

The price is subject to contract and existing tenancy. A purchase at this level relates to a Net Investment Yield of 5.46% allowing for purchaser costs of 6.8%

Legal Costs

Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the landlord’s abortive costs if the prospective purchaser withdraws from the transaction.

Viewing

Strictly by appointment through the joint sole agent, Messrs Harston & Co or Dobbin and Sullivan.