£325,000
Property for saleHermit Road, Canning Town, London E16
1 bath
Freehold
About this property
Well Established
Fully Fitted kitchen with Extraction
Investment Opportunity
A5 Take Away use included
Retail unit
Long Lease For sale
Long Leasehold Takeaway Premises – Investment Opportunity – 84 Hermit Road, Canning Town
Offers in the region of £325,000
A rare opportunity to acquire a long leasehold commercial unit situated on Hermit Road, Canning Town. The property comprises a ground floor takeaway premises extending to approximately 391 sq ft and is offered with a substantial 91 years remaining on the lease.
The unit is currently vacant, providing an excellent opportunity for an investor, operator, or owneroccupier to acquire a commercial premises with potential rental income in a growing East London location.
The property benefits from a peppercorn ground rent, offering minimal ongoing leasehold costs and enhancing its appeal as a long-term investment.
Previously let at £25,000 per annum, the premises offer potential rental growth, with an estimated rental value in the region of £30,000 per annum, subject to market conditions and tenant demand.
The property benefits from an established takeaway use and offers flexibility for an incoming purchaser to occupy the premises themselves or secure a new commercial tenant.
Canning Town continues to benefit from significant regeneration and investment, with excellent transport connections including the Jubilee Line, DLR and Elizabeth Line services, providing easy access to Canary Wharf, the City and central London.
Key Features:
• Long leasehold interest – approximately 91 years remaining
• Ground floor commercial unit – approx. 391 sq ft
• Vacant possession available
• Established takeaway use
• Peppercorn ground rent
• Potential rental income of approximately £30,000 per annum
• Attractive investment or owner-occupier opportunity
• Asking price: £325,000
Early viewing is highly recommended to appreciate the potential of this commercial opportunity.
Offers in the region of £325,000
A rare opportunity to acquire a long leasehold commercial unit situated on Hermit Road, Canning Town. The property comprises a ground floor takeaway premises extending to approximately 391 sq ft and is offered with a substantial 91 years remaining on the lease.
The unit is currently vacant, providing an excellent opportunity for an investor, operator, or owneroccupier to acquire a commercial premises with potential rental income in a growing East London location.
The property benefits from a peppercorn ground rent, offering minimal ongoing leasehold costs and enhancing its appeal as a long-term investment.
Previously let at £25,000 per annum, the premises offer potential rental growth, with an estimated rental value in the region of £30,000 per annum, subject to market conditions and tenant demand.
The property benefits from an established takeaway use and offers flexibility for an incoming purchaser to occupy the premises themselves or secure a new commercial tenant.
Canning Town continues to benefit from significant regeneration and investment, with excellent transport connections including the Jubilee Line, DLR and Elizabeth Line services, providing easy access to Canary Wharf, the City and central London.
Key Features:
• Long leasehold interest – approximately 91 years remaining
• Ground floor commercial unit – approx. 391 sq ft
• Vacant possession available
• Established takeaway use
• Peppercorn ground rent
• Potential rental income of approximately £30,000 per annum
• Attractive investment or owner-occupier opportunity
• Asking price: £325,000
Early viewing is highly recommended to appreciate the potential of this commercial opportunity.
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Monthly repayment
£1,625 per month
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