To let
Property available on: 20/08/2015
- A3/A5
- Spacious
- Long Lease (13 years)
- Successful Running Business
- Schools Within 2 Minutes from Property
- 1 Bedroom Flat
We are proud to present this spacious A3/A5 Commercial Property featuring a 1 bedroom flat on the first floor in the heart of Isle of Dogs a short 5/10 minute walk to Canary Wharf the financial district of London. Currently trading as a successful Chicken and Chip shop It is located only a few minutes away from Westferry Station and South Quay DLR. Well-known brands, such as Tesco's and Ladbrokes are located close by. The property is surrounded by many residential buildings and many residential houses as well as the ever present offices scattered in and around the Isle of Dogs all proving great clientele for this business. This is a very popular residential and commercial area with iconic apartment complex's surrounding the unit and more currently being developed.
This is a great opportunity to acquire a highly visible A3/A5 usage Fast Food Restaurant with a one bedroom flat on the first floor with access to a large garden at the rear of the premises. Currently trading as a Chicken and Chip Take away and Delivery Restaurant. The ground floor benefits are a spacious seating area with spacious counter to serve from, fully fitted large kitchen, 2 toilets, large freezer room, storage space and a spacious large garden. This long running business generates an approximate figure of over £3,000 per week and the one bedroom flat on the first floor generates an approximate figure of £14,400 that's a yearly income of approximately £170,400. The seller is offering this lease assignment with over 13 years remaining with a premium of £70,000 for goodwill, fixtures and fittings. The current rental figure for this property is £18,000 per annum.
Accommodation
Shop Front: 11.72 ft.
Shop Floor: 11.72 x 23.68
Rear Seating Area: 11.92 x 7.88
Kitchen: 10.32 x 6.26
Toilet 1: 5.51 x 7.88
Storage Space: 9.11 x 7.88
Toilet 2: 2.84 x 7.81
Garden: 15.10 x 14.07
TOTAL: 622.93 sq. ft. (approx.)
Tenure
Lease Assignment - Our client wishes to assign the lease with over 13 years remaining.
Premium
Our Client seeks a premium of £70,000 for goodwill, fixtures and fittings.
Rent
The Rent is currently £18,000 per annum.
RATES
We advise interested parties to make their own enquires with the local authority. In this case the local authority being Tower Hamlets Council
Legal Fees
The incoming tenant is to bear all legal cost including the sellers.
