Hare, 505 Cambridge Heath Road, London, E2 9BU

Description
The property comprises the ground, basement and upper floor of a three storey corner building with rendered brick elevations beneath both a multi-pitched tiled and flat roof.

Location
Located in Cambridge Heath in east London within the London Borough of Tower Hamlets, 1.7 miles (2.7 kilometres) north east of Liverpool Street Station and 3.9 miles (6.3 kilometres) north east of Central London.

The Hare holds a prominent corner position fronting Cambridge Heath Road (A107) within a mixed residential and commercial area. Cambridge Heath overground station is situated approximately 150 metres to the south with Bethnal Green station 600 metres to the south.

Accommodation
Ground Floor: The ground floor provides an open plan L shaped trading area with a central bar servery and seating on loose tables, chairs and bench seating for approximately 44 customers. Ancillary areas include a former trade kitchen, customer WC's and stores to the rear.

First Floor: The first floor provides the managers accommodation which comprises an open plan kitchen and living room, two double bedrooms and a bathroom.

Second Floor: The second floor comprises a further three double bedrooms, an office and a further room used for storage.

Basement: The basement provides cellar and stores.

Tenure
The property is held freehold (Title Number EGL304196).

Tenancy
The entire property is let to a Private Individual on a 5 year lease from 14 August 2021 at a current rent of £50,000 per annum. A 30 year reversionary lease has been completed which commences in August 2026 at £50,000 per annum. The rent is subject to five yearly open market reviews with the first review due in August 2031.

Planning
The property is not listed nor is it situated within a Conservation Area. However, it is locally listed.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
In the course of preparation.

Terms
We are instructed to invite offers in excess of £700,000 (6.75% NIY) assuming the usual purchasers costs.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewing
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.