The premises comprise a ground floor shop trading an Indian takeaway.
Location
Positioned within a bustling busy parade of shops near the and well-known intersection of Becontree Avenue, Longbridge Road & Lodge Avenue amongst a mix of commercial and residential properties. The area is characterised by various shops, restaurants, cafes, and local businesses.
The location served well by excellent bus routes
Accommodation
Retail 42 sq m (452.08 sq. ft)
Internal Storage 26.6 q m (286.32 sq. ft)
Total 68.6 q m (738.40 sq. ft)
Terms
Tenancy Information: Let on an FRI lease for a term expiring in May 2029 subject to 4 yearly rent reviews at a passing rent of £17,000 pax
Tenure: Freehold
Price: Offers are sought in the region of £250,000 (7% NIY) subject to contract.
Legal Costs: Each party is to pay for their legal fees : Due to recent changes in the anti-money laundering regulation, it is now standard procedure to undertake personal and company and general AML checks, admin cost of £350 + VAT.
Specification
- Rented to a Takeaway Operator
- Income of £17,000 pax
- The lease Expires May 2029
- Next Review May 2026
- Flats above sold off on a 999-year leases
- Attractive Investment
- £250,000 (6.7% NIY)