020 7377 1555

Commercial To Rent in Green Street - Fixed Price £288.46 pw

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Fantastic A1 / A5 Retail unit

Ideal for boutique and takeaway shop

No business rates

Shop + Residential flat

Rent: £15,000 per annum

Income from Flat: £15,000 per annum

Note: No Jewellery Shop

Clarke and Lloyds property consultants are delighted to offer this fantastic opportunity to acquire an ideal A1 & A5 unit with upper part containing 3 bed flat located just off the extremely popular green street. Green Street is renowned for its famous boutiques and restaurants

The premises consists of an ideal and prominent shop front, good size front area leading into the basement that contains storage room, kitchenette, WC and leads to the fire exit at the rear end. It is currently been used as asian wedding shop but was previously used as an A5 takeaway shop. Therefore it would suit a number of other uses due to its prime location. The entrance to the residential flat is from the rear side and contains 3 good size bedrooms. The current rent received from the residential unit is £15,000 per annum,which makes the commercial unit rent free.

The property is idealy located close to the junction of plashet road and Green Street.. Excellent transport links are available with Upton Park Station (District/ Hammersmith & City lines) located in close proximity. Further, numerous bus routes are available towards stratford and other parts of london

Details:

Lease: The property is available by way of lease assignment. Approximately 12 years left on the original lease contracted inside the Landlord & Tenants Act 1954 (Renewable)
Passing by Rent: £15,000 per annum
Rent review: Every 4 years. Next review will be in 2018. At the time of last review, the rent was increased from £13,500 to £15,000 per annum.
Business Rates: Nil. As a property with a rateable value of £12,000 or less, there is no business rates.
Premium: £115,000
Income generated from flat: £15,000 pa
Shop size: Approximately760 sq ft (Approx)

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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.