Fixed price
£475,000
Land for saleHigh Street, Stratford, London E15
Auction
About this property
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
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
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