The property is arranged over the ground floor, rear storage, kitchen and 2 x WCs.
Small demised rear yard accessed via a service road.
Location
The property is located within a very popular shopping parade that comprises of 30 retail units including Nisa Extra, Tesco Express, Wenzels, Boots the Chemist, Lloyds Pharmacy as well as independent businesses.
Hainault & Grange Hill underground station are within a few minute’s walk and offers easy access into central London via the Central line.
Accommodation
Ground Floor
Frontage - 18.11 ft (5.52 m)
Shop Area - 662.30 sq. ft (61.53 sq m)
Storage Area - 212.91 sq. ft (19.78 sq m)
Total Area - 875.21 sq. ft (81.31 sq m)
2 x WCs & Kitchen Area
Terms
Permitted use: The property benefits from an E(a) Class use ‘Display or retail sale of goods, other than hot food.
Tenure: The property is available by way of an assignment of our client’s 10-year lease that expires 26th March 2029 and is within the 1954 LL & T Act.
Rent: £16,500 pax
Rent Deposit: The ingoing tenant will be required to provide a security deposit equivalent to 6 months’ rent i.e. £8,250.
Premium: A premium is sought for the valuable lease, offers in the region of £65,000
Service Charge: TBC
Rates:
Rateable Value £13,500
Rates payable: £6,736.50
(Parties are advised to verify with the London Borough of Redbridge)
Legal Costs: The ingoing tenant is to pay towards the landlord legal costs of £1500 + VAT
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 they are accepted by the Landlord.
EPC: Available Upon Request
Specification
- E(a) Class Use
- Lease Assignment
- Shop – 61.53 m2 / 662.30 sq. ft
- Stores – 19.78 m2 / 212.91 sq. ft
- High Footfall
- Excellent Passing Trade
- Adj. to Nisa Extra & Tesco Express