£350,000
(£587.25/sq. ft)
Property for saleChurch Lane, Leytonstone, London E11
596 sq. ft
EPC Rating: B
Freehold
About this property
Freehold investment
Ground floor shop has traded as 'Subway' for many years
Upper parts sold off on long lease
Current total income £20,150 per annum
Rent review due in January 2027
** investment for sale ** - Situated on Church Lane in Leytonstone, opposite Leytonstone Underground Station (Central Line). Church Lane comprises a variety of shops and businesses and leads into the High Road, which is the main shopping area in Leytonstone, comprising a number of restaurants, offices, independent traders and multiple operators such as Tesco, McDonald's and Marks and Spencer. The area is also served by local buses. Comprising a ground floor lock-up shop which has been occupied by a franchise of 'Subway' for a number of years. Above the shop is residential accommodation which has been sold off on a long lease. The current total income is £20,150 per annum. Please call Clarke Hillyer on for further information.
Location
Situated on Church Lane in Leytonstone, opposite Leytonstone Underground Station (Central Line). Church Lane comprises a variety of shops and businesses and leads into the High Road, which is the main shopping area in Leytonstone, comprising a number of restaurants, offices, independent traders and multiple operators such as Tesco, McDonald's and Marks and Spencer. The area is also served by local buses.
Description
Comprising a ground floor lock-up shop which has been occupied by a franchise of 'Subway' for a number of years. Above the shop is residential accommodation which has been sold off on a long lease. The subject premises are more particularly described as follows:
Sales area: 422 sq ft (39.2 sq m).
Prep area/storage: 174 sq ft (16.2 sq m).
Lobby/wc.
Rear yard.
All measurements quoted are approximate only.
Leases
The shop is held on a 15 year full repairing and insuring lease from January 2022. There are rent reviews and tenant-only break clauses as at January 2027 and January 2032. The current passing rent is £20,000 per annum.
The upper parts are sold off on a 125 year lease from 2006. The ground rent payable is £150 per annum.
Terms
The freehold is available, subject to the existing leases, for £350,000.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The premises have an Energy Performance Certificate rating of B.
Location
Situated on Church Lane in Leytonstone, opposite Leytonstone Underground Station (Central Line). Church Lane comprises a variety of shops and businesses and leads into the High Road, which is the main shopping area in Leytonstone, comprising a number of restaurants, offices, independent traders and multiple operators such as Tesco, McDonald's and Marks and Spencer. The area is also served by local buses.
Description
Comprising a ground floor lock-up shop which has been occupied by a franchise of 'Subway' for a number of years. Above the shop is residential accommodation which has been sold off on a long lease. The subject premises are more particularly described as follows:
Sales area: 422 sq ft (39.2 sq m).
Prep area/storage: 174 sq ft (16.2 sq m).
Lobby/wc.
Rear yard.
All measurements quoted are approximate only.
Leases
The shop is held on a 15 year full repairing and insuring lease from January 2022. There are rent reviews and tenant-only break clauses as at January 2027 and January 2032. The current passing rent is £20,000 per annum.
The upper parts are sold off on a 125 year lease from 2006. The ground rent payable is £150 per annum.
Terms
The freehold is available, subject to the existing leases, for £350,000.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The premises have an Energy Performance Certificate rating of B.
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