Commercial Property for sale

** COMMERCIAL INVESTMENT FOR SALE ** - situated on Crown Wharf on Roach Road in Bow, East London, in a mixed commercial and residential area. Off Roach Road is Monier Road Footbridge which leads into the Queen Elizabeth Olympic Park and surrounding amenities. Comprising a ground floor commercial space with an approximate Gross Internal Area of 1,433 sq ft (133.2 sq m). The premises are currently used as a dance studio but would be suitable for a variety of occupiers. The unit is split into two dance studios with a toilet and kitchen. The premises are let for a term of 6 years from February 2024 at a rent of ï½£37,000 plus VAT per annum. There is a rent review and mutual break clause as at February 2027. Please call CLARKE HILLYER on 020 8501 9220 for further information.
Location - The premises are situated on Crown Wharf on Roach Road in Bow, East London, in a mixed commercial and residential area. The closest train station is Hackney Wick which is on the Mildmay Line. Off Roach Road is Monier Road Footbridge which leads into the Queen Elizabeth Olympic Park and surrounding amenities. The footbridge (Roach Point Bridge) that crosses the canal between Roach Road and Hackney Wick that leads to Hackney Wick Station is currently being rebuilt, making it wider for pedestrians and cycles and the route will be more direct towards Hackney Wick Station. This will be a major improvement once opened.
Description - Comprising a ground floor commercial space with an approximate Gross Internal Area of 1,433 sq ft (133.2 sq m). The premises are currently used as a dance studio but would be suitable for a variety of occupiers. The unit is split into two dance studios with a toilet and kitchen.
Tenancy - The premises are let for a term of 6 years from February 2024 at a rent of ï½£37,000 plus VAT per annum. There is a rent review and mutual break clause as at February 2027. The lease is outside of the Landlord and Tenant Act 1954.
Terms - The property is held on a 125 year lease from December 2005, with a current ground rent of ï½£500 per annum. The leasehold interest is available for ï½£550,000 plus VAT.
Business Rates - Tower Hamlets Council have informed us of the following:
2023 Rateable Value: ï½£22,250
2025/2026 UBR: 0.499 P/ï½£
2025/2026 Rates Payable: ï½£11,102.75
Interested parties are advised to confirm current rate liability with the Local Authority.
Viewings - Strictly via sole agents Clarke Hillyer, tel 020 8501 9220.
Epc - The premises have an Energy Performance Certificate rating of B.