303 Commercial Road, London, E1 2PS
- SIZE AVAILABLE
700 sq ft
65 sq m
- SECTOR
High street retail property for sale
Key features
- Extremely visible Retail Unit let to a long-term tenant
- Generating a Gross Income of £29,000 p/a before allowances
- Arranged over Ground & Basement floors
- Vibrant parade with high levels of footfall
- Rent Review due in August 2028
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
Brochures
303 Commercial Road, London, E1 2PS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Shadwell Station0.2 miles
- Whitechapel Station0.4 miles
- Stepney Green Station0.6 miles
Notes
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