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Rare “freehold” investment opportunity
A3 restaurant on Fri terms
Income of £35,000 per annum exclusive
Strictly by appointment through the joint sole agent, Messrs Harston and Co or Dobbin and Sullivan.
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.
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%
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.
16 years from March 2016 Rent review every 4 years Full repairing and insuring terms
For more information about this property, please contact Dobbin & Sullivan, E15 on +44 20 8115 1509 * (local rate)
Contact Dobbin & Sullivan about this property
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.