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Retail Property (high street) to rent

Westferry Road, Isle of Dogs E14 3RQ

Withdrawn from Market £23,500 pa| £1,958 pcm

Property Description

Key features

  • Large Restaurant over 1.300 sq. ft.
  • A3/A5 Usage
  • Close to Canary Wharf
  • Offers Great Delivery Service
  • Glass Front
  • Long Lease - 23 years remaining
  • Close to Station

Full description

We are proud to present this spacious A3/A5 Commercial Property in the heart of Isle of Dogs a short 5/10 minute walk to Canary Wharf the financial district of London. Currently trading as a successful Chinese Restaurant and Take Away It is located only a few minutes away from Westferry Station and South Quay DLR. Well-known brands, such as Tesco’s and Ladbrokes and Asda are located close by. The property is surrounded by many residential buildings and residential houses as well as the ever present offices scattered in and around the Isle of Dogs/ Canary Wharf all proving great clientele for this business. This is a very popular residential and commercial area with iconic apartment complex’s surrounding the unit and more currently being developed.

This is a great opportunity to acquire a highly visible A3/A5 usage Fast Food Restaurant boasting over 1,400 sq. ft. Currently trading as a Chinese Take away and Delivery Restaurant. The ground floor benefits are a spacious seating area with spacious counter to serve from, fully fitted large kitchen, 2 toilets, large freezer and storage space.

The seller is offering this long lease assignment with over 23 years remaining with a premium of £90,000 for goodwill, fixtures and fittings. The current rental figure for this property is £23,500 per annum.

Accommodation

Shop Floor: 28.37 x 28.04 = 795.49 sq. ft.

Kitchen: 20.05 x 23.89 = 478.99 sq. ft.

Toilet: 11.5 x 7.81 = 89.81

TOTAL: 1,404.29 sq. ft. (approx.)

Tenure
Lease Assignment – Our client wishes to assign the lease with over 23 years remaining.

Premium
Our Client seeks a premium of £90,000 for goodwill, fixtures and fittings.

Rent
The Rent is currently £23,500 per annum.

RATES
We advise interested parties to make their own enquires with the local authority. In this case the local authority being Tower Hamlets Council

Viewings strictly by prior appointment


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