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Church Lane, Leytonstone, London

£350,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page Freehold SSTC
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Freehold

Features

  • 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

Nearest Stations

  • Leytonstone Underground Station - 0.0 miles
  • Leytonstone High Road Rail Station - 0.3 miles
  • Leyton Midland Road Rail Station - 0.8 miles
  • Wanstead Underground Station - 1.0 miles
  • Leyton Underground Station - 1.0 miles
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 020 8501 9220.

EPC
The premises have an Energy Performance Certificate rating of B. Property Ref: 19581284

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