Property description

We are proud to present this spacious A1 usage Virtual Freehold commercial sale with over 980 years remaining on the lease. This property is located on High Road Leyton surrounded by many shops this location has busy footfall and traffic driving past the property on a daily basis. Located only a short 5 minute walk from Leyton Station and close to numerous bus stops this property ensures maximum exposure to the general public. As well as this the property is situated near many residential houses and flats off of High Road Leyton choosing this property as their local convenient store. Leyton is currently experiencing a regeneration the way Stratford most recently had done. We expect this area to be regenerated in the following years attracting more business and opportunities.

This property comprises of a spacious grand total of 1,344.61 Sq. Ft. in total offering many potential possibilities to use the space to more lucrative means. The seller is looking to sell this virtual freehold for a figure of £330,000. We can advise the approximate rental value for properties of this size in the area are £25,000 and above per annum. The seller also seeks a premium of £25,000 which is the currently value of the stock included within the property.

Accommodation

Shop Front: 9.53 Ft.

First Half of Shop: 19.0 ft. x 34.0 ft.

Second Half of Shop: 28.62 ft. x 24.41

Toilet: 12.17 ft. x 6.00 ft.

Total – 1,344.61 sq. ft. (approx.)

Tenure
Virtual Freehold – £330,000 per annum.
Our client wishes to sell his commercial virtual freehold with 980 years remaining on the lease.

Premium
Our client seeks a premium of £25,000 for the stock which is included within the property.

Legal fees
The incoming buyer/tenant is responsible for all legal costs.

Rates
We have been advised that the rates payable is £4500 per year. However, interested parties are encouraged to make their own enquiries with the local authority.

If you would like to arrange a viewing for this property, please call us on 020 7510 0860 or alternatively call our property consultant directly on 074 1586 3800.

Viewings Strictly Through Appointment Only

Property Features :

• Virtual Freehold over 980 years on lease
• Large shop over 1,300 sq. ft.
• Located on Busy High Road
• Close to Leyton Station
• Close to Many Bus stops