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Prime High Street Convenience Store – Lease for Sale – Chadwell Heath RM6

£6,000 pcm
£72,000 pa
Edward Chase, Ilford

Letting details

Let available date:
01/05/2026
Let type:
Long term
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • £72,000 annual rent (quarterly)
  • Former Tesco store (20+ years)
  • Fully trading and stocked
  • 3,850 sq ft retail space
  • 20-year renewable lease
  • £180,000 goodwill for lease reassignment
  • EPC rating C
  • Rear access, CCTV, office, kitchen, 2 bathrooms & 2 cold rooms
  • Additional route to start Alchoal sales

Description

Excellent opportunity to acquire a fully trading convenience store in a prime high street location in Chadwell Heath (RM6).

Previously operated as a Tesco store for over 20 years, this well-established retail unit benefits from strong footfall, a spacious layout, and significant future growth potential.

The business is fully stocked and operational, ready for immediate takeover. The large retail space offers excellent scope to introduce additional revenue streams such as a butcher counter, hot food takeaway, money transfer or currency exchange, and expanded retail services, making this a strong long-term investment opportunity.

Key Information:

• Prime high street location – Chadwell Heath RM6
• Established convenience store (formerly Tesco for 20+ years)
• Fully trading and stocked – ready to operate
• 3,850 sq ft retail space
• 20-year renewable lease
• Rent review every 5 years
• Annual rent: £72,000
• Deposit: £ pending
• Rent paid quarterly
• EPC Rating: C
• Rear alley for deliveries and parking
• CCTV and alarm system installed
• Office, kitchen and 2 bathrooms
• 2 cold rooms and storage facilities

Price & Terms:

• Goodwill: £180,000 for lease reassignment• Buyer to pay legal expenses
• Serious enquiries only

Business Potential:

• Butchers section
• Hot food counter/takeaway
• Money transfer/currency exchange
• Off licence and expanded retail offering
• Strong long-term growth opportunity

This is a rare opportunity to secure a large, established retail unit in a busy high street location with excellent development potential and a long-term lease.For further details or to arrange a viewing, please contact Edward Chase.

Brochures

Full DetailsCouncil Weblink

Energy Performance Certificates

Energy Performance Certificate

Prime High Street Convenience Store – Lease for Sale – Chadwell Heath RM6

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chadwell Heath Station0.2 miles
  • Goodmayes Station1.0 miles
  • Seven Kings Station1.6 miles

About Edward Chase, Ilford

29a Goodmayes Road, Ilford, IG3 9UH
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1

Edward Chase Estate Agents are dedicated to providing the highest quality service. We are one of London's leading estate agents that combines a wealth of experience with local market expertise and is often described as a 'boutique' amongst our competitors. We pride ourselves on the professionalism of our employees who thrive to certain our landlords with professional advice, qualified market appraisals, and consistent communication. You'll find our response rapid, polite and reliable. At Edward Chase, we are dedicated to making the experience of renting or selling your home as simple and rewarding as possible. Service: At Edward Chase, the presentation of your home is crucial in securing the right interest. Providing our clients with professional wide angle lens photography, floor plans, high gloss brochures accompanied by our team's bespoke communication system we aim to deliver only the highest results. Whether you are selling or renting, our new online portal presents a unique estate agency experience permitting our clients to log into their own cloud-based user accounts to access their property viewing schedules, offers, statements and gives our clients the chance for transparency between all parties involved. We operate the day-to-day running's of our business with several of the UK's leading internal software's and are affiliated with many Lettings & Sales regulators. We have an array of approved contractors specifically available to our clients delivering the very best in quality and price. We believe in generating our clients the highest yields and aim to have a 100% satisfaction rate. Edward Chase affiliate with some of the UK's leading solicitor firms and annually upgrade our panel solicitors in line with all Major High Street lenders. Our training is detailed and our staff is educated on the complete conveyancing process.

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Disclaimer - Property reference 12848807. 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 Edward Chase, Ilford. 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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