020 8904 5040

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Glenmore Property Services is pleased to bring to the market this exciting opportunity. The shop is located in Newham, and is available by way of a lease assignment. There are 15 years remaining on the lease, with an initial rent of £30,000 per annum. We are informed by the vendor the weekly sales are £6,000 exclusive of services and commission. Commission from Oyster card sales is £2,500 per month, paypoint £1500 per month and cash machine £500 per month.

Price: £125,000

Tenure: Leasehold with approximately 15 years remaining on the lease.

Location: The business is located within walking distance of Forest Gate station, a residential district in East London in the London Borough of Newham, located in between the boundary of West and East Ham. The area lies roughly 7 miles (11km) northeast of Charing Cross and is bordered by Manor Park to the east and Stratford town centre to the West. Forest Gate is 1.5 miles (2.4 km) east of Westfield Stratford City and the 2012 Olympic Park. The northern half of the busy Green Street runs through it and from 2018, Forest Gate railway station will be served by Crossrail.

Rates: Interested parties are strongly advised to contact the local authority regarding the rates payable for this property.

VAT: All prices quoted are exclusive of VAT.

Legal fees: The purchaser will be responsible for the vendor and landlord's solicitor costs incurred in this transaction.

Viewings: By prior appointment- please call our office to arrange a viewing.

These particulars are prepared for the guidance of prospective purchasers. They are intended to give a fair and overall description of the property and do not constitute the whole or any part of an offer or contract. Any information contained herein (whether in text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. Any plans provided by the agents and/or with the sales particulars are intended for guidance purposes only; we cannot guarantee the accuracy and scale of any plans, and they do not form any part of the sales contract.

Money laundering regulations: To comply with money laundering regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer. We ask for your cooperation in order that there is no delay in agreeing the sale

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Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.