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Shop for sale

Hoe Street, London

Offers in Excess of £150,000

Property Description

Key features


Full description

Tenure: Leasehold

***HOT, HOT, HOT*** and we are not referring to the flavour but location of shop. A3 Commercial unit with a 9 year open lease and 1 x 2 bedroom flats on top being offered, this business is currently trading as Griller Chicken and Chip Shop.
This business is currently generating £4,000 per week, however the business due to its amazing location has the potential to easily generate over double this figure if they were to start offering deliveries. The property has an extremely cheap rental price of £13,200 per annum and the flat rent is approximately £13,200 per annum. The flats potential rental income is double than what the current lease holder is paying and the seller is seeking a premium in excess of £150,000 for goodwill, fixtures and fittings.This shop is located in the heart of Walthamstow situated in the popular area of Hoe Street. Hoe Street offers a vast amount of footfall and busy traffic driving past the property throughout the day and night. Bus routes opposite the property do not impair the visibility of the property however boost the advantages of customers visiting the shop. Hoe Street consists of several retail premises ranging from restaurants, banks and salons. The property is located close to Monoux Sixth Form College and Several Primary and Secondary Schools.This A3 property offers over 500.sq. ft. of space, this business has been successfully running for the past 8 years from this location. Situated on a busy high street Hoe Street offers a vast number of footfall and car traffic passing the property daily.
Ground Floor:Shop front: 18.44 ft.Shop floor: 27.81 ft. × 18.69 ft.Toilet: 9.59 ft. × 4.01 ft.TOTAL: 550.45 sq. ft. (approx.)TENURE:
Lease assignment - The Seller Is Seeking to Assign This Lease With 9 Years Remaining PREMIUM:
Our Client Seeks in Excess of £150,000 for goodwill and fixtures and fittings. RENT:
£13,200 per annum RATES:

Retail Space
Office Space
Staff Canteen

Map & Street View

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