Summary
| Property Type | Retail |
| Tenure | For Sale |
| Size | 1,110 sq ft |
| Price | £650,000 |
| Rates Payable | Upon Enquiry |
| EPC Rating | This property has been graded as C |
- Corner Unit
- Security Shutters
- Good Location
- Freehold
- *Option to purchase the upper parts of the building via a separate arrangement
About
The available accommodation consists of a freehold E-class premises, currently used as a restaurant (A3). The building is located in a prime location with high foot traffic in a bustling neighborhood, just off the junction with Brick Lane. The local operators in the near vicinity include Pret-A-Manger, Costa Coffee, Sainsbury’s, Pure Gym, Brick Lane Beigel Shop, Box Park, and The Albion.
Accommodation
| Name | sq ft | sq m |
| Ground | 535 | 49.70 |
| Basement | 575 | 53.42 |
| Total | 1,110 | 103.12 |
Location
The freehold premises is located on the South side of Bethnal Green Road, on the junction with Chilton Street, and within walking distance of Brick Lane. The street is filling up with art galleries, fashion retailers, and coffee shops/restaurants and is increasingly popular with locals. The area is well served by London transport bus and train services, with the nearest station being Shoreditch High Street & Bethnal Green Road.
Bethnal Green supports a wide variety of local shops, leisure occupiers, and street markets. The Bethnal Green Museum of Childhood & Benguela Cafe, the recently opened 160-bed East London Hotel, Old Town Hall Hotel & Corner Room restaurant, Bistrotheque, and Mother Kelly’s are all within a few minutes walk.
Mainline Stations
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Shoreditch High Street5 mins
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Bethnal Green Rail9 mins
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Hoxton9 mins
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Whitechapel12 mins
Underground Station
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Shoreditch High Street6 mins
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Bethnal Green Rail9 mins
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Hoxton9 mins
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Whitechapel12 mins
Downloads
Download Marketing Brochure
Further Information
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Viewings
Strictly by appointment only.
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Terms
Freehold
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Tenancy Details
The available opportunity is to purchase a ground floor and basement restaurant, together with the freehold of the building. The premises is let to Turkish restaurant Tas Firin on a single FRI lease held inside the Landlord and Tenant Act 1954. The business has been trading since 2017, currently passing a rent of £46,000 per annum. The commercial fire regulations and electricity have been recently upgraded throughout the unit. The lease is subject to rent reviews every 5th anniversary. The next review is due in 2027.
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Yield
Gross Yield: 7%
Gallery
