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Roach Road, Bow, London

£595,000

£415.21 per sq ft

Business rates & charges may apply

Clarke Hillyer Limited, Loughton
SIZE AVAILABLE

1,433 sq ft

133 sq m

SECTOR

Commercial property for sale

Key features

  • Ground floor commercial investment
  • Currently used as a dance studio but suitable for a variety of occupiers
  • Current income £37,000 plus VAT per annum
  • Situated adjacent to the Queen Elizabeth Olympic Park

Description

** COMMERCIAL INVESTMENT FOR SALE ** - situated on Crown Wharf on Roach Road in Bow, East London, in a mixed commercial and residential area. Off Roach Road is Monier Road Footbridge which leads into the Queen Elizabeth Olympic Park and surrounding amenities. Comprising a ground floor commercial space with an approximate Gross Internal Area of 1,433 sq ft (133.2 sq m). The premises are currently used as a dance studio but would be suitable for a variety of occupiers. The unit is split into two dance studios with a toilet and kitchen. The premises are let for a term of 6 years from February 2024 at a rent of £37,000 plus VAT per annum. There is a rent review and mutual break clause as at February 2027. Please call CLARKE HILLYER on for further information.

Location - The premises are situated on Crown Wharf on Roach Road in Bow, East London, in a mixed commercial and residential area. The closest train station is Hackney Wick which is on the Mildmay Line. Off Roach Road is Monier Road Footbridge which leads into the Queen Elizabeth Olympic Park and surrounding amenities. The footbridge (Roach Point Bridge) that crosses the canal between Roach Road and Hackney Wick that leads to Hackney Wick Station is currently being rebuilt, making it wider for pedestrians and cycles and the route will be more direct towards Hackney Wick Station. This will be a major improvement once opened.

Description - Comprising a ground floor commercial space with an approximate Gross Internal Area of 1,433 sq ft (133.2 sq m). The premises are currently used as a dance studio but would be suitable for a variety of occupiers. The unit is split into two dance studios with a toilet and kitchen.

Tenancy - The premises are let for a term of 6 years from February 2024 at a rent of £37,000 plus VAT per annum. There is a rent review and mutual break clause as at February 2027. The lease is outside of the Landlord and Tenant Act 1954.

Terms - The property is held on a 125 year lease from December 2005, with a current ground rent of £500 per annum. The leasehold interest is available for £595,000 plus VAT.

Business Rates - Tower Hamlets Council have informed us of the following:
2023 Rateable Value: £22,250
2025/2026 UBR: 0.499 P/£
2025/2026 Rates Payable: £11,102.75
Interested parties are advised to confirm current rate liability with the Local Authority.

Viewings - Strictly via sole agents Clarke Hillyer, tel .

Epc - The premises have an Energy Performance Certificate rating of B.

Energy Performance Certificates

EE Rating

Brochures

Roach Road, Bow, London

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hackney Wick Station0.2 miles
  • Pudding Mill Lane Station0.6 miles
  • Stratford International Station0.6 miles

About Clarke Hillyer Limited, Loughton

Unit 2, Buckingham Court, Rectory Lane, Loughton, IG10 2QZ

Notes

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Disclaimer - Property reference 33823252. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Clarke Hillyer Limited, Loughton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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