Freehold Opportunity – rare to the market.
RENT REVIEW fast approaching this December.
Established and trading nearly 40 years (35 years under same family), with A5 use (can be varied STP), this quirky establishment has been serving Indian takeaway to Hornchurch and surrounding areas for decades from this popular commercial location close to the High Street. High visibility spot at the end of a busy commercial parade, with continued traffic and footfall throughout the daytime and evening.
Currently leased to tenants with 16 years 9 months remaining, rent £9k per annum (low initial rent to allow new tenant/business to settle) with rent review fast approaching this December 2019 and every 4 years thereafter. Rent achievable should be in region of £11-14k per annum. The tenants are reliable with all aspects of the tenancy.
The single story commercial unit comprises a light and airy front of house with velux roof window, lengthy kitchen and preparation area, WC, storage lock-up, and has ample public parking to the front and surrounding. All items in the lease fixtures and fittings inventory are included under the freehold sale.
To arrange a viewing (strictly by appointment only) or for more information – please contact City and Urban Docklands.
Great investment opportunity.
£210,000 - Freehold
Serious Offers will be considered.