A rare opportunity to secure a lease assignment for an operating business centre with a good level of current income

Key Features

• Excellent location close to Whitechapel Station and the City
• Benefits from a provision of 12 seperate units within the property, currently all tenanted
• Long lease ready to be assigned

Location

The property is located on the south side of Whitechapel Road approximately 250 metres from Whitechapel Station that provides links onto the District and Hammersmith & City Line as well as the Overground. Whitechapel Road a very busy area that provides local amenities from independent market vendors as well ad national multiples trading near by. There is also a focus on the area for local redevelopment with new schemes underway and planned.

Available area

Description

The property currently benefits from a layout providing 12 different individual units as well as one large space in the basement. Each unit is secure and has access to internet. All users of the property have communal kitchen facilities as well as WC's. The property is in a prominent location and is popular for local and small businesses for an arrangement with an all inclusive rent. Anyone taking the premises will benefit from an increased income though the separate licenses.

Lease

An assignment of an existing 25 year lease with 22 years remaining, rent reviews every 5 years and has the ability for subletting parts.

Legal Costs

Each party to bear their own legal costs subject to the ingoing tenant providing an undertaking to cover the landlord's abortive legal costs should they withdraw from the transaction after having agreed terms.

Viewings

Strictly through the joint sole agents, Dobbin & Sullivan

Premium

The client is looking for a offers to be made for a premium of £100,000