Shops,Newbury Park,IG2 6BN,A1 , Under Offer
16843 sq ft ( 1564.7147 sq m)
Size: 16843Sq ft | Property Type: Shops Tenure: Leasehold | Area: Newbury Park | Postcode: IG2 6BN
Bennett Phillips Luton
199a High Road
Loughton
Essex
IG10 4LF
Comprising substantial retail showroom premises with significant ancillary storage/workshop, mezzanine storage and rear servicing. The following approximate floor areas and dimensions are as follows:
Retail showroom 3,139 sq ft
Mezzanine retail showroom: 2,991 sq ft
Potential additional retail showroom: 2,379 sq ft
Office: 484 sq ft
Kitchen (Front): 113 sq ft
Various areas of mezzanine storage: 3,548 sq ft
Rear workshop/storage: 1,952 sq ft
Staff area/kitchen: 158 sq ft
Additional workshop/storage: 1,183 sq ft
1st floor storage/workshop: 896 sq ft
Covered loading bay: 707 sq ft
Total internal area including mezzanines: 16,843 sq ft (1566.39m2)
SUBSTANTIAL ROADSIDE RETAIL SHOWROOM PREMISES WITH SIGNIFICANT ANCILLARY STORAGE/WORKSHOP & REAR SERVICES
*Prominent roadside retail showroom premises. *Good quality retail space. *Inset spot lights. *CCTV. *Temperature control units.
The unit is available by way of either an assignment of our clients existing F.R.I. Lease which was originally for a term of 15 years from 4th January 2008, expiring 3rd January 2023 subject to a final rent review in January 2018. Alternatively, subject to covenant, it’s understood that the Landlord is prepared to consider the grant of a new FRI Lease upon terms to be agreed.
Documented at £126,500pax however, it is understood that a reduced rent of £91,500pax has been negotiated until the next rent review which is not personal to our client.
We are verbally advised by the Local Authority that the premises have been assessed for business rates as follows:- Rateable Value: £86,500 Rates Payable: (2014/2015) £40,741 per annum
Each party are to be responsible for their own legal costs borne in this transaction.
Immediate upon completion of legal formalities.
Strictly by appointment through sole agents Bennett Phillips Luton – 020 8501 3000.
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