|Property Type||Retail, Investment|
|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|
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.
|Ground floor||713 sq ft|
|First floor||576 sq ft|
|Second floor||217 sq ft|
|total||1,664 sq ft|
|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
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|
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%
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.
Strictly by appointment through the joint sole agent, Messrs Harston & Co or Dobbin and Sullivan.