High Street, Stratford E15

Double height prominent corner retail unit which has had a mezzanine installed to increase the useable area and is fully let to an online pharmacy business. The premises are situated on the ground floor of a modern residential block of flats in this popular urban area of Stratford in East London. The premises also include one underground parking space. The tenants have a thriving business and the last rent review has been agreed with fixed annual uplifts and a further rent review in 2028. This represents a good income producing investment with potential for further growth.

Location:
Situated on the corner High Street, Stratford and Rick Roberts Way with frontages to both roads. The site is located on the south side of High Street with direct access to facilities of Stratford Town Centre, including Westfield Shopping Centre. There are bus routes and train stations including Docklands Light Railway and Stratford Overground and Underground stations all within walking distance.

Tenancy:
Let to St Mary's Medical Centre for a term of 15 years from 31st October 2018 at a current rental of £32,000 pa plus fixed rent increases as followed:

1 Nov 2025 to 31 Oct 2026 - £33,000 pa
1 Nov 2026 to 31 Oct 2027 - £33,500 pa
1 Nov 2027 to 31 Oct 2028 - £34,000 pa

There will be a further rent review in November 2028.

Tenure:
Virtual freehold and held on a 997 year lease from 31st October 2013 at a peppercorn ground rent (thus having 985 years remaining). 
 
Terms:
Offers in the region of £475,000