TypeRetail Investments

E16 52 Hermit Road, Canning Town, London

TenureFor sale

52 Hermit Road, Canning Town, London, E16 1/2

Specification

Building size
Building size 1,062 sqft
Property type
Property type Retail Investments
Tenure
Tenure For sale

Description

Corner commercial premises with independent access to first floor one bedroom flat. The whole building is demised under one lease to an individual subject to a license to an assign for a term of 20 years inside the provisions of the Landlord and Tenant Act 1954 governing Security of Tenure commencing 2nd October 2006 thus having an unexpired term of circa 3 years. The rent was subject to a fixed increase to £20,000.00 at the 4th anniversary of the term and thereafter on a 4 yearly upward only basis to market level with the 2022 review agreed at £23,000.00pa.

Location

The property is located on a local neighbourhood parade of shops on Hermit Road, close to it's junction with Star Lane, and off Barking Road (A124) on one end and Newham Way (A13) on the other. Canning Town Underground and Light Railway Station are situated within short walking distance from the premises. Regulated car parking is available outside of the building.

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