Property photos
Leasehold
£575,000
(£401.26/sq. ft)
Property for sale
Roach Road, Bow, London E31,433 sq. ft
Local area information
Property location
Nearby amenities
- Bobby Moore Academy 0.3 miles
- Hackney Wick 0.3 miles
- Gainsborough Primary School 0.4 miles
- Pudding Mill Lane 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Hackney Wick, Olympic Park and Old Ford to find out more about the local area.
Features and description
- Leasehold
- Ground floor commercial investment
- Currently used as a dance studio but suitable for a variety of occupiers
- Current income £37,000 plus VAT per annum
- Situated adjacent to the Queen Elizabeth Olympic Park
** commercial investment for sale ** - situated on Crown Wharf on Roach Road in Bow, East London, in a mixed commercial and residential area. Off Roach Road is Monier Road Footbridge which leads into the Queen Elizabeth Olympic Park and surrounding amenities. Comprising a ground floor commercial space with an approximate Gross Internal Area of 1,433 sq ft (133.2 sq m). The premises are currently used as a dance studio but would be suitable for a variety of occupiers. The unit is split into two dance studios with a toilet and kitchen. The premises are let for a term of 6 years from February 2024 at a rent of £37,000 plus VAT per annum. There is a rent review and mutual break clause as at February 2027. Please call Clarke Hillyer on for further information.
Location
The premises are situated on Crown Wharf on Roach Road in Bow, East London, in a mixed commercial and residential area. The closest train station is Hackney Wick which is on the Mildmay Line. Off Roach Road is Monier Road Footbridge which leads into the Queen Elizabeth Olympic Park and surrounding amenities. The footbridge (Roach Point Bridge) that crosses the canal between Roach Road and Hackney Wick that leads to Hackney Wick Station is currently being rebuilt, making it wider for pedestrians and cycles and the route will be more direct towards Hackney Wick Station. This will be a major improvement once opened.
Description
Comprising a ground floor commercial space with an approximate Gross Internal Area of 1,433 sq ft (133.2 sq m). The premises are currently used as a dance studio but would be suitable for a variety of occupiers. The unit is split into two dance studios with a toilet and kitchen.
Tenancy
The premises are let for a term of 6 years from February 2024 at a rent of £37,000 plus VAT per annum. There is a rent review and mutual break clause as at February 2027. The lease is outside of the Landlord and Tenant Act 1954.
Terms
The property is held on a 125 year lease from December 2005, with a current ground rent of £500 per annum. The leasehold interest is available for £575,000 plus VAT.
Business Rates
Tower Hamlets Council have informed us of the following:
2023 Rateable Value: £22,250
2025/2026 ubr: 0.499 P/£
2025/2026 Rates Payable: £11,102.75
Interested parties are advised to confirm current rate liability with the Local Authority.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The premises have an Energy Performance Certificate rating of B.
Location
The premises are situated on Crown Wharf on Roach Road in Bow, East London, in a mixed commercial and residential area. The closest train station is Hackney Wick which is on the Mildmay Line. Off Roach Road is Monier Road Footbridge which leads into the Queen Elizabeth Olympic Park and surrounding amenities. The footbridge (Roach Point Bridge) that crosses the canal between Roach Road and Hackney Wick that leads to Hackney Wick Station is currently being rebuilt, making it wider for pedestrians and cycles and the route will be more direct towards Hackney Wick Station. This will be a major improvement once opened.
Description
Comprising a ground floor commercial space with an approximate Gross Internal Area of 1,433 sq ft (133.2 sq m). The premises are currently used as a dance studio but would be suitable for a variety of occupiers. The unit is split into two dance studios with a toilet and kitchen.
Tenancy
The premises are let for a term of 6 years from February 2024 at a rent of £37,000 plus VAT per annum. There is a rent review and mutual break clause as at February 2027. The lease is outside of the Landlord and Tenant Act 1954.
Terms
The property is held on a 125 year lease from December 2005, with a current ground rent of £500 per annum. The leasehold interest is available for £575,000 plus VAT.
Business Rates
Tower Hamlets Council have informed us of the following:
2023 Rateable Value: £22,250
2025/2026 ubr: 0.499 P/£
2025/2026 Rates Payable: £11,102.75
Interested parties are advised to confirm current rate liability with the Local Authority.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The premises have an Energy Performance Certificate rating of B.
Floor plans and tours
Floor plans (1)
More information
Listed by
Clarke Hillyer
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Property descriptions and related information displayed on this page are marketing materials provided by - Clarke Hillyer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Clarke Hillyer for full details and further information.