25-27 HORNS ROAD, NEWBURY PARK, ILFORD, ESSEX

Shops,Newbury Park,IG2 6BN,A1 , Under Offer

Commercial information:

16843 sq ft ( 1564.7147 sq m)

Rent : £91,500.00 / Annum

Key features

Size: 16843Sq ft | Property Type: Shops
Tenure: Leasehold | Area: Newbury Park | Postcode: IG2 6BN

Location

The property occupies a prominent frontage onto Horns Road within approximately 400 yards of the junction with Eastern Avenue (A12). Multiple retailers represented on neighboring retail parks include Toys R Us, Pets At Home, B&Q and J.D. Sports. The property further benefits from excellent communications via the road network with easy access to the A12, A13, A406 and M11/M25 Motorways. Newbury Park (Central Line) Underground Station is within a five minute walk.

Contact Details

Bennett Phillips Luton

199a High Road
Loughton
Essex
IG10 4LF


Tel : 020 8501 3000
Phone : 020 8501 3000
Fax : 020 8500 5008

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)

Other Details


Accomodation

SUBSTANTIAL ROADSIDE RETAIL SHOWROOM PREMISES WITH SIGNIFICANT ANCILLARY STORAGE/WORKSHOP & REAR SERVICES

Amenities

*Prominent roadside retail showroom premises. *Good quality retail space. *Inset spot lights. *CCTV. *Temperature control units.

Lease

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.

Rent

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.

Rates

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

Legal Costs

Each party are to be responsible for their own legal costs borne in this transaction.

Possession

Immediate upon completion of legal formalities.

Viewing

Strictly by appointment through sole agents Bennett Phillips Luton – 020 8501 3000.


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