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328 Lea Bridge Road, Leyton, London, E10 7LD
546 sq ft (50.73 m2) To 606 sq ft (56.3 m2)
Freehold
Retail - other
The premises are located in a prominent corner location at the junction of Lea Bridge Road (A104) and Millicent Road within a secondary shopping parade serving a densely populated residential area with nearby traders including newsagents, restaurants, takeaway, dry cleaner and domestic appliances.
The property comprises a ground floor corner shop and basement together with two self contained flats above at first floor level being arranged as follows (all dimensions approximate):
Shop frontage: 18ft (5.5m)
Return frontage: 16ft 10ins (5.5m)
Shop depth: 33ft 9ins (10.3m)
Built depth: 60ft (18.8m)
Basement
Self contained residential upper parts:
First floor:
Flat 1 – two rooms, kitchen/diner, shower/WC
Flat 2 – one room, kitchen/diner, shower/WC
Shop & basement: Let on a Full Repairing and Insuring lease for a term of 10 years from 23rd July 2007 subject to 5 yearly rent reviews at a rental of £15,000 per annum exclusive (rent deposit of £7,500 held) to Mr.O.Kahinde (trading as Leyton Express grocery and off-licence)
Flat 1: Let on a 12 month AST from 2nd May 2007 at a rental of £700 per month
Flat 2: Let on a 6 month AST from February 2008 £140 per week.
Total income: £30,680 per annum
Offers in the region of £470,000 subject to contract
Strictly by appointment through sole agents Johal Regan
These particulars do not constitute any part of an offer or contract.
No responcibility is accepted as to the accuracy of these particulars
or statements made by our staff concerning the above property.
Any intending purchaser / lessee must satisfy themself as to the
correctness of such statements ans these particulars.
All negotiations to be through Johal Regan Ltd.
Prices, premiums, and rents are quoted exclusive of VAT, which may apply.