Property description

We are proud to present this Lease Assignment property a spacious A3 retail in the heart of Newham located within eye sight of Forest Gate Station. Linking you to Stratford within 1 Stop and linking you to Liverpool Street in a short 15 minutes. Situated in a great location, Woodgrange Road offers a high volume of footfall as well as many cars passing through. Woodgrange Road consists of many amenities and has proved a reliable source for locals to visit. A further positive feature to this property is that there is a Secondary School located a 1 minute walk from the property providing a healthy source of customers throughout the year.

Boasting an impressive 1,534.11 sq. ft. the property is not shy on space. Ensuring maximum visibility on this busy road the shop features a glass front over 14 ft. long. Currently running as an Afghan Cuisine restaurant the property has proven popular in the area with its unique Middle Eastern décor. The property consists of 2 large floors and a spacious rear garden. The shop floor boasting an impressive 563.80 sq. ft. in total as well as the spacious basement offering 395.58 in total. The garden consists of 574.73 sq. ft. in total. The property comes as standard with 2 separate toilet facilities on the shop floor for easy customer use. The basement consists of 2 large ovens and a large industrial cooker with the relative ventilations already in place. The seller is seeking a premium of £65,000 for goodwill fixtures and fittings. The property has a reasonable rental figure of £20,000 per annum. There is a new lease being offered to the new occupant with a length to be negotiated.

Accommodation

Shop Front: 14.08 ft.

Shop Floor:

10.30 Height

14.08 x 27.45 ft. Front Section

9.50 x 5.00 Private Section (a)

9.86 x 6.70 Private Section (b)

4.38 x 4.55 Toilet 1

3.76 x 4.84 Toilet 2

Sub Total: 563.80 (approx.)

Basement: (L Shaped)

6.78 Height

8.00 x 18.01 First Section

21.26 x 11.83 Second Section

Sub Total: 395.58 (approx.)

Garden: 18.63 x 30.82

Sub Total: 574.73 sq. ft. (approx.)

TOTAL: 1,534.11 sq. ft. (approx.)

TENURE

Lease Assignment – Our client wishes to assign a new lease with the term to be negotiated.

Premium

Our Client seeks a premium of £65,000 for goodwill, fixtures and fittings.

Rent

The Rent is currently £20,000 per annum. 

Rates

We advise interested parties to make their own enquires with the local authority.

Legal Fees

The incoming tenant is to bear all legal cost including the sellers.

VIEWING:

To arrange a viewing please call us on 020 7510 0860 or alternatively you can the Property Manager directly on 07415 863 800. If you have any questions or enquires please don't hesitate to call our office we are more than happy to answer any of your questions.

Viewings strictly by prior appointment

Property Features :

• Located on Busy High Road
• Opposite Forest Gate Station
• Forest Gate School Located 1 Minute Walk
• Large over 1,500 sq. ft.
• A3 Usage