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Westferry Road, Isle of Dogs E14 8LW

Withdrawn from Market £18,000 pa| £1,500 pcm

Property Description

Key features

  • A3/A5 Property
  • Spacious Property
  • Long Lease (over 13 years)
  • Sucessfull Running Business
  • Schools within 2 minutes of the property
  • Offices and Residential around property
  • 1 Bedroom Flat on First Floor
  • 5/10 Minute Walk to Canary Wharf
  • Close to Westferry and South Quay DLR

Full description


We are proud to present this spacious A3/A5 Commercial Property featuring a 1 bedroom flat on the first floor 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 Chicken and Chip shop It is located only a few minutes away from Westferry Station and South Quay DLR. Well-known brands, such as Tesco’s and Ladbrokes are located close by. The property is surrounded by many residential buildings and many residential houses as well as the ever present offices scattered in and around the Isle of Dogs 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 with a one bedroom flat on the first floor with access to a large garden at the rear of the premises. Currently trading as a Chicken and Chip 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 room, storage space and a spacious large garden. This long running business generates an approximate figure of over £3,000 per week and the one bedroom flat on the first floor generates an approximate figure of £14,400 that’s a yearly income of approximately £170,400. The seller is offering this lease assignment with over 13 years remaining with a premium of £70,000 for goodwill, fixtures and fittings. The current rental figure for this property is £18,000 per annum.AccommodationShop Front: 11.72 ft.Shop Floor: 11.72 x 23.68Rear Seating Area: 11.92 x 7.88Kitchen: 10.32 x 6.26Toilet 1: 5.51 x 7.88Storage Space: 9.11 x 7.88Toilet 2: 2.84 x 7.81Garden: 15.10 x 14.07TOTAL: 622.93 sq. ft. (approx.)Tenure
Lease Assignment – Our client wishes to assign the lease with over 13 years remaining.

Premium
Our Client seeks a premium of £70,000 for goodwill, fixtures and fittings.

Rent
The Rent is currently £18,000 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 CouncilLegal Fees
The incoming tenant is to bear all legal cost including the sellers.VIEWING:
To arrange a viewing please call us on the number above or alternatively you can the Property Manager directly on 07415 863 800. If you have any questions or enquires please don't hesitate to call our office we are more than happy to answer any of your questions.

Viewings strictly by prior appointment

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