Shops,Loughton,IG10 4HJ,A1 , Withdrawn
1086 sq ft ( 100.8894 sq m)
Size: 1086Sq ft | Property Type: Shops Tenure: Leasehold | Area: Loughton | Postcode: IG10 4HJ
Bennett Phillips Luton
199a High Road
Comprising the ground floor of a modern commercial/residential development laid out to provide a sales area within which ancillary storage and fitting rooms have been created using demountable partitions. To the rear of the unit there are WC and kitchen facilities and externally there is restricted vehicular access for deliveries and one demised car parking space.
DOUBLE LOCK UP SHOP WITH SUBSTANTIAL FRONTAGE
*Laminate wood floor. *Suspended ceiling with concealed tube and spot lights. *Modern aluminum shop front. *Prominent frontage. *Alarm system (not tested) *Internal electric security grilles.
The matter is to be dealt with by way of an Assignment of our clients existing FRI Lease which expires in December 2016 with no further rent reviews.
Â£39,750 per annum exclusive plus VAT at the prevailing rate, payable quarterly in advance. Service Charge: We are advised that the service charge for the current year is approximately Â£2,800 pax plus VAT at the prevailing rate.
We are verbally advised by the Local Authority that the premises have been assessed for business rates as follows:- Rateable Value: Â£39,750 Rates Payable: (2013/2014) Â£18,722 per annum
The assignee is to be responsible for both the Assignee & Landlords reasonable legal costs associated with the Assignment.
Immediately upon completion of legal formalities
Strictly by appointment through: Bennett Phillips Luton