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Just added
Freehold
£350,000
(£587.25/sq. ft)
Property for sale
Church Lane, Leytonstone, London E11596 sq. ft
Local area information
Property location
Nearby amenities
- George Tomlinson Primary School 0.1 miles
- Leytonstone 0.1 miles
- Connaught School for Girls 0.3 miles
- Leytonstone High Road 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Leytonstone, Cann Hall and Wanstead to find out more about the local area.
Features and description
- Freehold
- 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.
Floor plans and tours
Floor plans (1)
More information
Listed by
Clarke Hillyer
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Property descriptions and related information displayed on this page are marketing materials provided by - Clarke Hillyer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Clarke Hillyer for full details and further information.