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Convenience Store for sale

Bethnal Green Road, London, E2

4,079 sq. ft. | £339,950

Property Description

Commercial information

  • Business for sale
  • 4,079 sq ft (378 sq m)
  • Use class orders: A1 Shops and A2 Financial and Professional Services

Key features

  • Premium 430,000
  • Uses A1/A2
  • Rental 55,000 per annum
  • 10 Years Full repairing lease with Next Rent review due in 2021
  • Business Rates Approximately 18,600 per year
  • Approximately 4079 sq ft Shop Floor 1625 sq ft & Basement 2454 sq ft
  • Opening Hours Monday - Sunday 8:00 a.m till 8:00 p.m
  • Staff Owner managed with 8 staff

Full description

LOCATION: The premises are prominently located on popular busy Bethnal Green Road in Bethnal Green in London with plenty of footfall and traffic & local schools & within walking distance to Bethnal Green Tube Station. Enviably located in a densely residential and commercial area and only a 5 minutes' walk to fashionable Brick Lane, and Shoreditch

DESCRIPTION: The premises are arranged over two floor ground floor & basement & this a fantastic opportunity to acquire the leasehold of this very well established International Halal Supermarket. This double fronted recently refurbished unit comprises of shop 1387 sq ft and basement 2454sq ft. Option to construct a new rear staff office structure to further increase the size of the ground floor

USES: A1/A2

PREMIUM: 340,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL: 55,000 per annum

TERMS: 10 Years Full repairing lease with Next Rent review due in 2021

BUSINESS RATES: Approximately 18,600 per year. Interested parties are encouraged to make their own enquiries with the Borough of Tower Hamlets

SIZE: Approximately 4079 sq ft Shop Floor 1625 sq ft & Basement 2454 sq ft

OPENING HOURS: Monday - Sunday 8:00 a.m till 8:00 p.m

STAFF: Owner managed with 8 staff

BASEMENT: Large storage area, kitchen, WC, office, walking cooler fridges

TURNOVER: Current turnover is in excess of 1,222,000 per annum approximately

ACCOUNTS: Available on request on viewing

LEGAL COST: Each party is to bear their own legal cost but incoming party to pay for freeholders costs

LOCAL AUTHORITY: Tower Hamlet

ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 72 -C Rating. A copy of this property's energy performance certificate can be viewed at www.london-properties.co.uk as a pdf file

REFERENCE CHARGE: London properties charge a fee of 200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the landlord.


HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account.

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS: Through London Properties by appointment only


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