Location
The property occupies a prominent corner position, fronting Eastern Road and the A1251. The A12 is approximately 1 mile North, providing a link to the A127 at the Gallows Corner junction and the M25 thereafter. Romford Train Station is less than approx. 0.5 miles away, providing a service to London Liverpool Street in approx. 18 minutes.
The Property
Our client is offering the third and fourth floors to let, available separately or combined. Both floors are accessed by two passenger lifts. The fit out incudes LED lighting, air conditioning, suspended ceilings and perimeter trunking. There are toilets to each floor and kitchen on the 4th floor.
There is onsite parking to the rear, allocated as 3 spaces per floor.
Tenure Comments
To be let on a new full repairing and insuring lease for term to be agreed incorporating periodic upward only rent reviews.
Figures
Offers in the region of:
Third floor £113,120 per annum excusive
Fourth floor £92,160 per annum exclusive
All other outgoings payable in addition. Subject to accounts and references, a rent deposit will be payable. A service charge will be payable for communal costs/exterior maintenance on an area occupied basis.
Legal Costs
Each party is responsible for the payment of its own costs.
Energy Performance Certificate (EPC)
The EPC rating for the whole property is C55, expiring May 2027.
Rates Comments
The Rateable Value (2023) for the whole property is £370,000, making the rates payable in the region of £202,000pa. A proportion according to floor space taken will be payable by the tenant.
Anti Money Laundering
All tenants when making an offer on a property will need to provide a copy of their current Passport photo page and a recent Utility Bill confirming their current address.
Agents Note
All figures quoted are exclusive of VAT (if applicable)
No warranty is given is respect of the current planning use.
None of the amenities or fixtures and fittings have been tested.