Massive Commercial unit, over 20,000sqft-TO LET / LEASE ASSIGNMENT
Great location with heavy footfall
Separate access to various sections
Car park for 30 cars
Next to McDonalds
City location with good access to Aldgate, Shadwell and Aldgate East Stns
This is a fantastic opportunity to acquire massive commercial space on Commercial Road. The commercial unit consists of two properties stretched on Commercial Road and Turner Street (E1 2AS). Both properties are interconnected and can be split into various sections. The property consists of basement, ground floor, first floor, second floor and car park. Total size of the property is over 20,000sqft. The unit is positioned next to McDonalds and beyond is a site which is currently being developed into a Holiday Inn Hotel due for completion in July 2012. Tesco Express, Loyds and a number of other established retail operators are in close proximity.
Commercial road is currently under huge redevelopment at both the Aldgate end and the Canary Wharf end. A short walk down commercial road will reveal a number of residential and commercial developments currently underway. Commercial Road runs east from Aldgate to Limehouse and Canary Wharf. Beyond which is access to Blackwall Tunnel and A12 trunk road. At this point there is excellent access to A406 North Circular and M11 and other major trunk roads.
195-199 Commercial Road
Ground Floor size: 2,000sqft approx
First Floor size: 1,500sqft approx
Second Floor size: 1,500sqft approx
Basement size: 1,700sqft approx
Commercial Road total size: 7,200sqft approx
2-4 Turner Street, E1 2AS
Ground Floor size: 1,700sqft approx
First Floor size: 3,800sqft approx
Car Park size: 3,800sqft approx
Basement size: 3,600sqft approx
Turner Street total size: 12,900sqft approx
Total accommodation size: 20,100sqft approx
Leasehold/Lease Assignment – £200,000 per annum.
Our client wishes to assign the 10 years lease which has 9 years remaining.
Premium – our client is seeking a premium of £200,000.
Each party is to bear their own legal cost.
Interested parties are encouraged to make their own enquiries with Borough of Tower Hamlets.
By Prior Appointment through agents Ranson UK LTD.
Tel: 0207 538 4057