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Roach Road, Bow, London

£550,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page Leasehold
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Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :  

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Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :  

Leasehold

Ground Rent A recurring payment issued by the tenant to the landlord or property management firm. Read our glossary page

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Ground Rent Review Period When will your ground rent be assessed and how frequently will it be reviewed. Read our glossary page

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Annual Service Charge An estate's shared area expenses, such as building insurance, lighting, cleaning, and maintenance, are typically covered by a periodic payment that is commonly made on a yearly basis. Read our glossary page

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Length of Lease The duration of time you have acquired the leasehold, or the right to reside in a property. Read our glossary page

106 years left

Size The size of a property or land refers to its physical extent or area. Read our glossary page

1433sqft

Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page

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Features

  • Ground floor commercial investment
  • Currently used as a dance studio but suitable for a variety of occupiers
  • Current income £37,000 plus VAT per annum
  • Situated adjacent to the Queen Elizabeth Olympic Park

Nearest Stations

  • Hackney Wick Rail Station - 0.3 miles
  • Stratford International Rail Station - 0.6 miles
  • Stratford Underground Station - 0.8 miles
  • Stratford Low Level Rail Station - 0.8 miles
  • Stratford (London) Rail Station - 0.8 miles
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 £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 £500 per annum. The leasehold interest is available for £550,000 plus VAT.

Business Rates
Tower Hamlets Council have informed us of the following:
2023 Rateable Value: £22,250
2025/2026 UBR: 0.499 P/£
2025/2026 Rates Payable: £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. Property Ref: 19529048

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