Mile End Road, Stepney Green, E1

£40,000 pa - To Let - view fees

LOCATION
Located on the busy stretch of Mile End Road close to both Stepney Green and Mile End Underground Stations.

Queen Mary University campus is located just a short walk giving a perfect opportunity for regular custom.

The direct area has undergone a big change in the last few years with the opening on the new Crossrail Link due to open late 2019:
http://www.crossrail.co.uk/route/stations/whitechapel/

A brand new 88 room Travelodge Hotel is also due to open in 2019 which is located just a few moments walk from this property.
www.lpcliving.co.uk

DESCRIPTION
LEASE FOR SALE – £150,000
11 years remaining on lease (currently £40,000+vat per annum).
The property is spread over 3 levels (approx 3200sqf) and has had a extensive refurbishment throughout.

ACCOMMODATION
The ground floor features seating for 45, bar area, bespoke clay oven and access to fully equipped kitchen. The area male and female W/C’s located to rear.

The lower floor features additional eating for 35, built in bar and 2nd kitchen/preparation room.

The 1st floor includes a large function room, 2 w/c’s and rear storage room which has access to outside space.

TERMS
11 years remaining on lease.
Rent paid per quarter.
No break clause.
£5000 deposit.

OUTGOINGS
£10,000 per annum.

VAT
The property is subject to VAT. (currently £40,000+VAT)

LEGAL COSTS
Each party to cover their own legal costs.

SERVICE CHARGE
N/A

VIEWING
Viewings are strictly by appointment only.

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