106a Brick Lane, Brick Lane, London, E1 6RL

Summary

This delightful lock up shop is impeccably located in the heart of the bustling and ever-desirable Brick Lane. Currently set up as a florist and a mobile phone counter, the property is split into two equally desirable retail units benefiting from this prime location.

The units are run through one electricity meter which is inside the florists demise, there are no washroom facilities or running water and we understand that the tenants utilise facilities from the neighbouring properties.

Key Points

• Arranged as Two separate retail units.
• Well-presented period frontage.
• Highly desirable location.
• ERV of £20,000 per annum.
• Attractive G.I.Y of 8% based on ERV.
• Full Vacant Possession.

Location

The property is located approximately half way up Brick Lane providing access to both Shoreditch High Street & Aldgate East. Princelet Street runs perpendicular to both Brick Lane and Commercial Street with an abundance of different retailers, offices and restaurants serving the area and the wider London crowds. Spitalfields, Liverpool Street & Aldgate are all within walking distance further increasing the desirability of this prime E1 location.

Terms

Guide Price: £250,000 (subject to contract & without prejudice).

Tenure: Long Leasehold. 125 year term from the 8th September 1998.

Ground Rent: £30 per annum.

Rateable Value: Please enquire with the local authority The London Borough of Tower Hamlets.

Retail Premises: (USE CLASS E): 215 sq ft 20.0 sq m.

Local Authority: The London Borough of Tower Hamlets.

VAT: To be confirmed.

Possession: Full vacant possession on completion of legal formalities.

Legal Costs: Each party is to pay their own legal costs.

Viewings: Strictly by appointment with Sole Agents Winkworth Commercial.