High Street, Stratford, London E15

  Ref 024965    

High Street, Stratford, London E15

Ref 024965

  • £475,000  

    For Sale

    £475,000  

    For Sale

  • Description

    Double height prominent corner retail unit which has had a mezzanine installed to increase the useable area and is fully let to an online pharmacy business. The premises are situated on the ground floor of a modern residential block of flats in this popular urban area of Stratford in East London. The premises also include one underground parking space. The tenants have a thriving business and the last rent review has been agreed with fixed annual uplifts and a further rent review in 2028. This represents a good income producing investment with potential for further growth.

    Gallery

    Areas

    Gross internal area — 1281 sq ft (119 sq m)

    Tenancy

    Let to St Mary’s Medical Centre for a term of 15 years from 31st October 2018 at a current rental of £32,000 pa plus fixed rent increases as followed: 1 Nov 2025 to 31 Oct 2026 - £33,000 pa 1 Nov 2026 to 31 Oct 2027 - £33,500 pa 1 Nov 2027 to 31 Oct 2028 - £34,000 pa There will be a further rent review in November 2028.

    Tenure

    Virtual freehold and held on a 997 year lease from 31st October 2013 at a peppercorn ground rent (thus having 985 years remaining). 

    Location

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    For Sale

    £475,000