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Description

INVESTMENT FOR SALE, RESTAURANT (A3) & 3 X 1 Bedroom Appartments

Location:

The property is situated on the East side of Burdett Road, near by the junction with East India Dock Road in Limehouse. The area has and continues to benefit from considerable regeneration with numerous new developments located near by and Canary Wharf being only approximately ¾ mile south of the subject property. Transport links are excellent with Westferry (DLR) being approximately 500 meters to the south of the property and the extensive transport and shopping amenities are also available at Canary Wharf.

Accommodation (Approx Net Internal Areas) & Tenancies:

The property is arranged over basement, ground, 1st, 2nd and 3rd Floors. The floor areas and tenancies are set out as follows:

Floor/Use: Sq ft: Tenant: Lease Terms: Rent:
Ground & Basement Floor Restaurant: Ground: 679 sq ft
Basement: 590sq ft
Total: 1,269 sq ft Feras Al-Chaar Lease to 31st August 2013, rent increased annually linked to the RPI.* £32,760 pax
1st Floor 1 Bed Flat: 400 sq ft To be confirmed AST term to be confirmed £11,400 pa
2nd Floor 1 Bed Flat: 400 sq ft To be confirmed To be confirmed £0 pa
3rd Floor 1 Bed Flat: 400 sq ft To be confirmed AST from 12/09 £11,400 pa
Total: 2,469 sq ft £55,560 pax

*A rental deposit if £14,000 is being held as security in a designated account with interest accruing in a bank designated by the Landlord.

Tenure & Price:

The property is available by way of a sale of the Freehold Interest for offers in excess of £695,000 (Seven Hundred and Forty Nine Thousand, Nine Hundred and Fifty Pounds).

VAT:

The property is not elected for VAT.

Viewing & Further Information:

For further information or an appointment to inspect, please contact Owners Sole Agents: