Floorplan
Map
Area insightsProperty for sale
Hermit Road, Canning Town, London, E16
Property
390
Features and description
- Well Established
- Fully Fitted kitchen with Extraction
- Investment Opportunity
- A5 Take Away use included
- Retail unit
- Long Lease For sale
Long Leasehold Takeaway Premises – Investment Opportunity – 84 Hermit Road, Canning Town
Offers in the region of £325,000
A rare opportunity to acquire a long leasehold commercial unit situated on Hermit Road, Canning Town. The property comprises a ground floor takeaway premises extending to approximately 391 sq ft and is offered with a substantial 91 years remaining on the lease.
The unit is currently vacant, providing an excellent opportunity for an investor, operator, or owneroccupier to acquire a commercial premises with potential rental income in a growing East London location.
The property benefits from a peppercorn ground rent, offering minimal ongoing leasehold costs and enhancing its appeal as a long-term investment.
Previously let at £25,000 per annum, the premises offer potential rental growth, with an estimated rental value in the region of £30,000 per annum, subject to market conditions and tenant demand.
The property benefits from an established takeaway use and offers flexibility for an incoming purchaser to occupy the premises themselves or secure a new commercial tenant.
Canning Town continues to benefit from significant regeneration and investment, with excellent transport connections including the Jubilee Line, DLR and Elizabeth Line services, providing easy access to Canary Wharf, the City and central London.
Key Features:
• Long leasehold interest – approximately 91 years remaining
• Ground floor commercial unit – approx. 391 sq ft
• Vacant possession available
• Established takeaway use
• Peppercorn ground rent
• Potential rental income of approximately £30,000 per annum
• Attractive investment or owner-occupier opportunity
• Asking price: £325,000
Early viewing is highly recommended to appreciate the potential of this commercial opportunity.
Offers in the region of £325,000
A rare opportunity to acquire a long leasehold commercial unit situated on Hermit Road, Canning Town. The property comprises a ground floor takeaway premises extending to approximately 391 sq ft and is offered with a substantial 91 years remaining on the lease.
The unit is currently vacant, providing an excellent opportunity for an investor, operator, or owneroccupier to acquire a commercial premises with potential rental income in a growing East London location.
The property benefits from a peppercorn ground rent, offering minimal ongoing leasehold costs and enhancing its appeal as a long-term investment.
Previously let at £25,000 per annum, the premises offer potential rental growth, with an estimated rental value in the region of £30,000 per annum, subject to market conditions and tenant demand.
The property benefits from an established takeaway use and offers flexibility for an incoming purchaser to occupy the premises themselves or secure a new commercial tenant.
Canning Town continues to benefit from significant regeneration and investment, with excellent transport connections including the Jubilee Line, DLR and Elizabeth Line services, providing easy access to Canary Wharf, the City and central London.
Key Features:
• Long leasehold interest – approximately 91 years remaining
• Ground floor commercial unit – approx. 391 sq ft
• Vacant possession available
• Established takeaway use
• Peppercorn ground rent
• Potential rental income of approximately £30,000 per annum
• Attractive investment or owner-occupier opportunity
• Asking price: £325,000
Early viewing is highly recommended to appreciate the potential of this commercial opportunity.
Area insights
Crime score
Low
About this agent
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