Large Industrial unit with offices in good condition.
Location
The unit is located to the rear of Station Road, Chingford, accessed via Rale Lane which offers an ideal location for industrial and commercial operations. Situated in a well-established area, it provides easy access to key road networks, including the A406 North Circular and the M11, facilitating efficient transport and logistics. The area is also well-served by public transport, making it a convenient base for businesses seeking both connectivity and a quiet setting.
Accommodation
Light Industrial - 1,598.55 ft² (148.51 m²)
Office - 177.6 ft² (16.50 m²)
WC’s - 123.85 ft² (11.51 m²)
Total - 1,900 ft² (176.52 m²)
Terms
Terms: By way of a new Fri lease, length and terms to be agreed, subject to a £10,000 security deposit held for the duration of the lease.
Rent: Offers sought in the region of £22,000 pax
Freehold Price: Offers sought in the region of £400,000 for the vacant freehold interest
Use Class: The unit falls under the specific E (g) use class and is permitted for the following uses:
i) Office space
ii) Research and development of products or processes
iii) Any industrial process that can be conducted in a residential area without causing harm to its amenity.
Business Rates: We have been advised by the Local Rating Authority that the premises are currently assessed as follows:
Rateable value: £16,250
Rates Payable: £8,108.75 pa
(n.b. Interested parties should contact Waltham Forest Council for verification)
Legal Costs: The ingoing tenant is to pay a contribution of £2000 + VAT towards the LL’s legal costs, in the event of a letting.
Reference & Credit Checks: A charge of £350 + VAT may be payable for taking up references on behalf of proposed tenants, this fee is non-refundable after the references have been taken up, whether or not the Landlord accepts them.
Holding Deposit: Purchasers wishing to secure this property may be required to pay a holding deposit to Countrywide Commercial of £2000. This deposit is not refundable except if the vendor withdraws, a clear title cannot be proven or the tenant’s references, AML, and Credit checks are not acceptable to the landlord. This deposit is held in our client’s account until completion.
Specification
- Large Industrial Unit
- 3-Phase Power
- Shutter 3.5m
- 6.2m Eaves height
- Close to shopping area & Train Station
- New Lease Available
- £22,000 pax
- Freehold also available