Located within a prime East London location, configured as a self-contained 1 retail shop, occupied by a local independent A1 retailer (circa 700 sq ft, ground floor) plus 2 self-contained flats sold off on long leases on the upper floors.
Located in central Bethnal Green on Bethnal Green Road just east of the junction of Valance Road.
-2 x residential leases commenced 24 June 2002 – 109 years remaining – ground rent will double every 25 years
-3 month rental deposit held as security on the retail lease
-Original 12 year retail lease – lease start 17.2.14 and expires 16.2.26 – rent reviews every 4 years
-Retail lease within the Act
-No arrears from either the retail or residential occupiers
-Current Retail Rent £26,000 – rent review outstanding, potential for immediate uplift
-2 x resi ground rents – 2 x £150
-2 x resi service charge – 2 x £1000
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.