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Bethnal Green Road, London, E2

Offers in Excess of
£500,000

Business rates & charges may apply

Adam Stein & Co. Ltd, Loughton
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SECTOR

High street retail property for sale

Key features

  • Prime east London location
  • Secure income from undoubted covenant
  • Possible air space development potential (s.t.p)
  • Immediately available

Description

Bethnal Green lies within the London Borough of Tower Hamlets approximately 3.5 miles north east of Central London bordering Shoreditch to the west, Hackney to the north and Whitechapel to the South.

The area has become a hub over recent years with tech, new media, creative and fashion sectors moving in whilst also becoming a cultural destination hosting a huge array of bars, restaurants, coffee shops as well as a thriving night time economy.

The property is located on the north side of A1209 Bethnal Green Road between Ellsworth Street and Punderson's Gardens in the heart of Bethnal Green approximately 100 metres west of Bethnal Green underground station (Central Line Zone 2).

Notable occupiers nearby include Specsavers, Iceland, McDonald's, Boots pharmacy and Tesco Express.

Approximate Central Line journey times as follows:

Stratford - 6 minutes
Liverpool Street - 4 minutes
Oxford Circus - 14 minutes

Additionally, the area is served by the following bus routes:

8 - Bow Church to St Giles High Street
388 - Stratford City Bus Station to London Bridge Bus Station
D3 - Bonner Road to Leamouth/Orchard Place
N8 - The Lowe Hainault to Oxford Circus Station night service

*Information provided by TfL

Accommodation comprises of a double fronted ground floor retail unit below 2x self contained split level residential maisonettes over 1st and 2nd floors both of which have been sold off on long leases.

There may be an opportunity for future air space development to create apartments at 3rd and 4th floor levels subject to all necessary consents being obtained. Interested parties should note that the Vendor will be seeking an overage should residential consent be granted in the future.

Tenancy information as follows:

Ground floor shop 445-447 Bethnal Green Road
Extending to 702 sq.ft. (65.2 sq.m.) and let for a term of 10 years from 16 January 2026 to Tote Bookmakers Limited company number 00852040 at £30,000 pax subject to a Tenant only Option to Determine on the 5th anniversary.

We understand that the lease is contracted inside of the security of tenure and compensation provisions of the 1954 Landlord & Tenant Act.

NB. Floor areas taken from VO website.

445a Bethnal Green Road
Sold on a long lease for a term of 99 years from 24 December 1987 (c61 years remaining) subject to a ground rent of £150 pa increasing to £200 in 2053.

447a Bethnal Green Road
Sold on a long lease for a term of 99 years from 24 December 1987 subject to a ground rent of £150 pa increasing to £200 in 2053. We understand this lease has been extended by a further 90 years.

The premises are available for sale on a Freehold basis. Offers are sought in excess of £500,000 for the Freehold interest subject to the aforementioned Tenancies.

All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction

We understand that the premises are not elected for VAT.

The purchaser to be responsible for both parties reasonable legal costs incurred in this transaction.

It is recommended that applicants seek independent professional advice before entering into a contract on this property. It is required to gain proof of identity from companies and individuals before accepting an offer for the property.

Reference to all/any services, utilities or fixtures & fittings in these particulars does not imply they are in full and efficient working order.

Prior to solicitors being instructed, the prospective Tenant or Purchaser is to pay an administration fee of £100 plus VAT to Adam Stein & Co. Ltd to cover all associated administrative costs including any referencing fees incurred.

Viewing strictly by prior appointment via Freeholders sole agents as above.

Brochures

Bethnal Green Road, London, E2

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bethnal Green (Underground) Station0.1 miles
  • Bethnal Green (Mainline) Station0.3 miles
  • Cambridge Heath Station0.3 miles

About Adam Stein & Co. Ltd, Loughton

Suit B1, Sterling House Langston Road, Loughton, IG10 3TS

Notes

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Disclaimer - Property reference E29QH445447. 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 Adam Stein & Co. Ltd, 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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