Retail for sale

326 Bethnal Green Road, E2

Further development Potential

Prominent Retail Parade – close to a number of local and national occupiers

We understand that there is some further development potential for 1 additional floor but we are seeking unconditional offers for the asset

The existing 12 year retail lease has 8 years to run. A rent review is now due/outstanding – the current rent is £26,000 per annum exclusive.

The upper parts are divided into 2 self contained flats (duplex 1 is a 2 bed, duplex 2 is a 3 bed – both sold off on long leaseholds)

Ground rents for the flats are £150 per annum each and service charges are £1000 per annum for each flat

326 Bethnal Green Road, London E2 0AG

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Transportation

Airports

London City 5.3m, London Heathrow 17.4m, London Gatwick 26.7m

National rail

Bethnal Green 0.2m, Cambridge Heath (London) 0.5m, Whitechapel 0.5m

Tube

Bethnal Green Rail 0.2m, Bethnal Green 0.4m, Cambridge Heath 0.5m

Property marketed by:

40 Great Eastern Street, London EC2A 3EP
Stirling Ackroyd
Quote reference: SALE-36203

Freehold Investment Sale - Retail income plus ground rent/service charge from 2 flats

£500,000

Important Notice: Stirling Ackroyd (and their Joint Agents where applicable) for themselves and for the vendors or lessors of this property for whom they may or may not act, give notice that:(i) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of any offer or contract; (ii) Stirling Ackroyd cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must rely on them as statements of fact or representations and must satisfy themselves as to their accuracy; (iii) no employee of Stirling Ackroyd (and their Joint Agency where applicable) has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property; (iv) rents, prices and premiums quoted in these particulars may be subject to VAT in addition: and (v) Stirling Ackroyd will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.