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Agent's details

London E1 - Virtual Freehold Retail Investment

For sale: £475,000.00|To rent: £35,000.00 Per Annum|1,836 Sq Ft|Retail, General Retail, Retail - High Street

Property details

FOR SALE£475,000.00
TO RENT£35,000.00 Per Annum
SIZE1,836 Sq Ft
ADDRESS116 Jubilee Street, London, Greater London, E1 3EB
TYPERetail, General Retail, Retail - High Street
TENURETo Let, For Sale Leasehold
POSTED ON24th May 2022

Description

Investment Consideration:
Vacant possession
ERV: £35,000 p.a. GIY: 7.37%
VAT is applicable to this property
Comprises retail shop with ancillary accommodation at basement
Total area size 170.60 sq m (1,836 sq ft)
Newly built to a very high standard
Located in predominantly residential area within walking distance to Mile End Road and Commercial Road, which provides great transport links to City of London to the west and Canary Wharf to the east. The property is also in close proximity to Whitechapel and walking distance to The Royal London Hospital.

Property Description:
Comprises ground floor retail premises (Class E) with large ancillary accommodation at basement providing the following accommodation and dimensions:
Ground Floor: 76.40 sq m (822 sq ft)
Open plan retail
Basement: 94.20 sq m (1,014 sq ft)
Open plan ancillary

Tenancy:
The property is at present vacant. ERV: £35,000 per annum.

Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.

Location:
Stepney is a district in the East End of London in the London Borough of Tower Hamlets. Stepney is connected to the London Underground at Stepney Green tube station on the Hammersmith & City and District lines. The area overall is covered by London Buses services, mostly west–east by the 25, 205, N25, N205 on Mile End Road and 15, 115, 135 and N550 on Commercial Road. The property is located in predominantly residential area within walking distance to Mile End Road and Commercial Road, which provides great transport links to City of London to the west and Canary Wharf to the East. The property is also in close proximity to Whitechapel and walking distance to The Royal London Hospital.

Location

marker
Location: 116 Jubilee Street, London, Greater London, E1 3EB

Stepney Green (0.4 miles)

Whitechapel (0.4 miles)

Shadwell (0.5 miles)

Shadwell Station (0.5 miles)

Limehouse (0.6 miles)

Bethnal Green (0.6 miles)

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