Summary
| Property Type | High Street Retail |
| Tenure | For Sale |
| Size | 700 sq ft |
| Rates Payable | Upon Enquiry |
- Extremely visible Retail Unit let to a long-term tenant
- Generating a Gross Income of £29,000 p/a before allowances
- Arranged over Ground & Basement floors
- Vibrant parade with high levels of footfall
- Rent Review due in August 2028
About
An excellent and superbly operated Retail Unit arranged across Ground & Basement floors let to a secure and well-regarded local business. This property comprises a highly visible corner site, operating as Alauddin Sweets that is let on a 25 year term from 27/08/2013 with 5 yearly rent reviews, currently generating a Headline Rent of £29,000 per annum, gross. The terms of the lease include all utility bills with the tenant being responsible for Business Rates, generating a net income of £24,000 per annum, equating to Net Yield of 7%. A further Open Market Rent Review is due in August 2028.
Location
The area is a vibrant mix of residential and commercial spaces, nestled between the historic Brick Lane and the modern Docklands. It is a short walk to Spitalfields Market and the bustling tech districts around Aldgate and Whitechapel.
- Aldgate East Station: District and Hammersmith & City lines.
- Shadwell Station: Overground and DLR, providing direct links to Canary Wharf and Bank.
- Whitechapel Station: Access to the Elizabeth Line, offering rapid travel across London.
PRICE: £345,000 Long Leasehold Subject to Contract
RATEABLE VALUE: £11,750 Per Annum.
RATES PAYABLE: To Be Confirmed.
RETAIL PREMISES: (USE CLASS E): 65 sq m / 700 sq ft.
LOCAL AUTHORITY: London Borough of Tower Hamlets.
VAT: The property is not elected for VAT.
POSSESSION: Subject to the existing lease agreement.
LEGAL COSTS: Each party is to pay their own legal costs.
VIEWINGS: Strictly by appointment with Sole Agents Meridian Commercial Property Partners LTD
Mainline Stations
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Shadwell5 mins
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Whitechapel8 mins
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Limehouse13 mins
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Bethnal Green Rail13 mins
Underground Station
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Shadwell5 mins
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Whitechapel8 mins
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Stepney Green12 mins
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Limehouse13 mins
Gallery
