Withdrawn
Property available on: 02/02/2015
- Large Property with a Total Space of 1980 sq. ft.
- Consisting of Four Floors
- Sufficient Office Space
- Visible Shop Front
- Located on Busy High Street
- Located a Short 5 Minute Walk from The Royal London Hospital
- Low Premium
- Great Investment Opportunity
We are proud to present this spacious A1 retail shop plus Office Space consisting of four floors with a combined total of 1982 sq. ft. The property is located in the extremely popular and vibrant area of Whitechapel, a short 2 minute walk from The Royal London Hospital. Situated on New Road there is a mixed array of Commercial & Residential properties and within close proximity to Whitechapel Tube Station, Aldgate East Station and Aldgate Station. The property benefits from complimentary users nearby such as: Costa Coffee, Needoo Grill, Tayyab's Restaurant & The Whitechapel Hotel.
Currently vacant the property has A1 Usage, a highly visible shop front previously run as 'Yummy Yummy' sweet shop. It includes four floors consisting of a very spacious basement with kitchen and toilet, ground floor or shop floor and two floors a first and second which can be used as office space. This property has great potential for income. The property has a very competitive premium of £18,000 which is considerably low for a property of this spec in this location and a rental fee of £72,000 per annum.
Accommodation
Basement: 60.27 sq.ft. x 13.80 sq.ft. (approx)
Ground Floor: 26.87 sq.ft. x 13.80 sq. ft. (approx)
First Floor: 28.16 sq.ft. x 13.83 sq.ft. (approx)
Second Floor: 28.35 sq.ft. x 13.80 sq.ft (approx)
TOTAL: 1,982.13 sq.ft (approx)
Tenure
Leasehold-Lease Assignment: £72,000 per annum / £6,000 per calendar month
Our Client wishes to assign the lease with length to be negotiated.
Premium:
Our Client seeks a premium of £18,000 in respect to all four floors. Consisting of the basement, shop floor, first and second floor, this can be used as sufficient office space.
Rates
We advise interested parties to make their own enquiries with the local authority for accurate figures.
Legal Fees
Each party to bear their own legal costs.
