Retail premises for sale in 89 Green Street, London E7

Offers in region of £650,000 (£390.62/sq. ft)
Retail premises for sale 1,664 sq. ft*
Interested in this property? Call +44 20 8115 1509 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Rare “freehold” investment opportunity
  • A3 restaurant on Fri terms
  • Income of £35,000 per annum exclusive

Property description

Summary

Sought after location within the famous “Green Street” location to provide a premises operating as a restaurant



Accommodation

89 Green Street: Mr Zeeshan Yasser Ahmed Present Lessee, Ground floor - 66.24m2
First floor - 53.53 m2
Second floor - 20.13m2 Accommodation area, 16 years from March 2016
Rent review every 4 years
Full repairing and insuring terms Lease Terms, £30,000 pax
Vendor to top up the rent to £35,000pax with the forthcoming increase due on 1st March 2019 Current Rent, Rent reserved at £35,000pax with effect from March 2019 Next review

Price
The price is subject to contract and existing tenancy. A purchase at this level relates to a Net Investment Yield of 5.46% allowing for purchaser costs of 6.8%

Legal Costs
Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the landlord’s abortive costs if the prospective purchaser withdraws from the transaction.

Viewing
Strictly by appointment through the joint sole agent, Messrs Harston & Co or Dobbin and Sullivan.

Location

The shop premises is situated on the Eastern side of Green Street, lying approximately midway between Green Street with Henderson Road to the North and Sherrard Road to the South. Green Street is a well-known retail thoroughfare within East London, offering a range of national retailers towards its southern end and a more specialised mix of ethnic, fashion, jewelers and catering uses towards its northern end. Public transport is well provided for in the area, with regular bus services running along Green Street and with both Upton Park Underground Station and Forest Gate Main Line Station and Woodgrange Park (underground) being within reasonable walking distance.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Dobbin & Sullivan, E15 on +44 20 8115 1509 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dobbin & Sullivan, and do not constitute property particulars. Please contact Dobbin & Sullivan for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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