£275,000
(£558.94/sq. ft)
Retail premises for saleThe Lock Building, 72-74 High Street, London E15
492 sq. ft
EPC Rating: D
Leasehold
About this property
Located in an area of Stratford benefitting from investment and development
Investment opportunity producing rental income with growth potential
Long leasehold sale
Occupied by very popular local business offering bike sales and repairs
Estimated Rates Payable: £4690.6
Description
We are offering the opportunity to purchase the long leasehold of a unit close to Stratford town centre offering a rental income with fixed growth potential.
The unit is a ground floor premises with a WC and kitchen area. Currently occupied by Jason Bikes limited on a rent of £16,000 per annum within a lease dated 30th September 2022 for 10 years with a upwards only rent review in September 2027. A mutual break option can be exercised by both parties at September 2027. The property benefits from E class use.
Location
The unit is located on Stratford High Street, close to the Bow Flyover with Pudding Mill Lane DLR station 0.3 miles to the South. Stratford Transport hub is 0.8 miles to the East with overground, DLR, Jubilee and Central Line.
The Olympic Park is located within half a mile and boasts large open parkland, a 60,000 seat capacity stadium which hosts a variety of events all year round. Elsewhere within the park there are many permanent and temporary attractions.
Long Leasehold
The long leasehold title being sold is a lease from 14th July 2011 up to and including 28th January 2129
We are offering the opportunity to purchase the long leasehold of a unit close to Stratford town centre offering a rental income with fixed growth potential.
The unit is a ground floor premises with a WC and kitchen area. Currently occupied by Jason Bikes limited on a rent of £16,000 per annum within a lease dated 30th September 2022 for 10 years with a upwards only rent review in September 2027. A mutual break option can be exercised by both parties at September 2027. The property benefits from E class use.
Location
The unit is located on Stratford High Street, close to the Bow Flyover with Pudding Mill Lane DLR station 0.3 miles to the South. Stratford Transport hub is 0.8 miles to the East with overground, DLR, Jubilee and Central Line.
The Olympic Park is located within half a mile and boasts large open parkland, a 60,000 seat capacity stadium which hosts a variety of events all year round. Elsewhere within the park there are many permanent and temporary attractions.
Long Leasehold
The long leasehold title being sold is a lease from 14th July 2011 up to and including 28th January 2129
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