Property to rent in Barking Road, London E6

Running Business For Sale with 3 Bedroom Maisonette - 11 years lease to assign (renewable)

Shop with 3 bedroom Maisonette

Features:

• Running Business (Raw Fish) For Sale including lease and 3 Bedroom Maisonette (Premium £200k)


• Commercial Unit with Ground Floor Shop Front (Corner Property)


• First / Second Floor Three Bedroom Maisonette.(rental income £30k per year)


• Storage space at the Back of Shop.


• Includes all fixture fittings / Freezers etc


• Gas Central Heating


• Windows double glazed


• Situated at a busy spot on Barking Road opposite Town Hall


• Business Rates included in Rent


• Ground floor (approx 1265 sq. Ft) includes shop front and rear indoor space


• Shop Front Size (16'.4" Wide X 28'.4" deep)

Tenure: Approx. 11 years lease to assign (renewable).

Further Details:

Incomes:

Rental for maisonette : £30k per year

Sale: Weekly Sale Average £10000.00 (Approx. £520k Per Year)

Potential rent from office at rear (£12k Per Year) Access from side road

Expenses:

Premium:£200k Negotiable (One off)

Lease Rental including business rates : £36K per year (Shop and Maisonette including rear space)

Staff Wages: £62K Per Year

Bills £57K per year

East Ham is well populated area in East London, this business is located to have a large footfall for the infamous ethnic shops. East Ham Underground Station is ten minutes walk away and the Olympic Stadium and Stratdford International Train Station 20 minutes bus ride. The whole area is on the rise with a massive regeneration project which has been well underway.

This is a fantastic opportunity to acquire a unique running business on the very busy spot opposite Town Hall. The property is located well laid out retail space on the ground floor (approx 1265 sq. Ft) This unit presents a fantastic opportunity for both an established brand and developing it further

Please contact us to view this property on Letting and Admin fees : £7500.00 (includes VAT)