Prime High Street Convenience Store – Lease for Sale – Chadwell Heath RM6
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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
- £150,000 goodwill for lease reassignment
- EPC rating C
- Rear access, CCTV, office, kitchen, 2 bathrooms & 2 cold rooms
- Additional route to start Alchoal sales
- Tenant to pay Landlords legal fees
Description
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: £150,000 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.
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Full DetailsCouncil Weblink- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Prime High Street Convenience Store – Lease for Sale – Chadwell Heath RM6
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Visit our security centre to find out moreDisclaimer - Property reference 12880234. 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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