303 Commercial Road, London, E1 2PS

Description
An excellent and superbly operated Retail Unit arranged across Ground & Basement floors let to a secure and well-regarded local business. This property comprises a highly visible corner site, operating as Alauddin Sweets that is let on a 25 year term from 27/08/2013 with 5 yearly rent reviews, currently generating a Headline Rent of £29,000 per annum, gross. The terms of the lease include all utility bills with the tenant being responsible for Business Rates, generating a net income of £24,000 per annum, equating to Net Yield of 7%. A further Open Market Rent Review is due in August 2028.

Location
The area is a vibrant mix of residential and commercial spaces, nestled between the historic Brick Lane and the modern Docklands. It is a short walk to Spitalfields Market and the bustling tech districts around Aldgate and Whitechapel.
- Aldgate East Station: District and Hammersmith & City lines.
- Shadwell Station: Overground and DLR, providing direct links to Canary Wharf and Bank.
- Whitechapel Station: Access to the Elizabeth Line, offering rapid travel across London.

PRICE: £345,000 Long Leasehold Subject to Contract

RATEABLE VALUE: £11,750 Per Annum.

RATES PAYABLE: To Be Confirmed.

RETAIL PREMISES: (USE CLASS E): 65 sq m / 700 sq ft.

LOCAL AUTHORITY: London Borough of Tower Hamlets.

VAT: The property is not elected for VAT.

POSSESSION: Subject to the existing lease agreement.

LEGAL COSTS: Each party is to pay their own legal costs.

VIEWINGS: Strictly by appointment with Sole Agents Meridian Commercial Property Partners LTD