Land for sale

High Street, Stratford, London E15

High Street, Stratford, London E15

Commercial Investment For Sale (Virtual Freehold) - comprising a 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.

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).

Terms: Offers in the region of £475,000