Thursday, 25 February 2010

141 Bethnal Green Road, Bethnal Green, E2 (E2 7DG)

Location & Description
A four storey terraced property arranged as a ground floor shop and basement together with a three storey upper part within an established shopping parade on the north side of Bethnal Green Road (A1209) close to its junction with Brick Lane (B134) about ¼ mile east of Shoreditch High Street.
The area is very well served by public transport including Bethnal Green and Liverpool Street mainline and underground stations together with local bus routes to the City and West End.
This vibrant area has benefited from considerable regeneration during the past few years and offers a variety of fashionable restaurants, bars and leisure amenities.
Accommodation
Ground Floor Shop and Basement:
Total area 1,232 sq ft (114.54 sq m)
(Sourcer: VOA web site)
Having A4 use and let to M Islam T/A Bar Tequila for 21 years from 01.12.2001 at a rental of £24,000 p.a. with rent reviews every three years.
Note: A 999 year lease at a peppercorn rent on the shop/basement only was also created effective from 01.01.2005
Upper Floors: (Not inspected, details supplied by seller)
With separate street access and arranged over 1st, 2nd and 3rd floors comprising five bed sitting rooms (each with wash hand basin and radiators) two kitchens, bathroom/WC and a shower room/WC.
Each room let on an AST at £100 per week.
Self contained top floor flat let on an AST at £170 per week.
Gas central heating system and intercom entry system. (Services not tested).
Subject to an HMO Licence (expired) and producing a rent of £34,840 p.a.
EQUIVALENT TO £58,840 p.a.
Contact: 020 8520 8383
GUIDE PRICE: £550,000 - £600,000



Announcements
The Shop and basement is let to Messrs Shah Miah & Salam Miah T/A Bar Tequila not M Islam as described in the catalogue. There is an extra special condition 4 regarding how the intermediate headlease can be dealt with by the buyer.

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