Shops,London,E9 5RB,A1 , Let
480 sq ft ( 44.592 sq m)
Size: 480Sq ft | Property Type: Shops Tenure: Leasehold | Area: London | Postcode: E9 5RB
Bennett Phillips Luton
199a High Road
Loughton
Essex
IG10 4LF
Comprising a lock up shop laid out to provide a sales area, kitchen and WC facilities. An area will be demised to the rear of the property for bin storage.
NEW GOVERNMENT LEGISLATION: In light of the Governments recent change of legislation, from 1st September 2020, those properties previously referred to as being (A1), (A2), (A3), (B1a) & (D2) Leisure uses are now within a newly created E Class (Commercial, Business & Services). As a result, any shop front premises can be used for any of the aforementioned use without the need for Planning Permission. In addition, a single property can be used for a mix of any the above. Any property in use within Class A1,A2, A3, B1(a) or indoor Sports/ recreation (d2) as of 1st September will be treated as being used for a purpose within the new Class E.
(A4/A5) uses have now been moved to Sui Generis & require a change of use as was previously necessary. Learning & non-residential institutions previously referred to as (D1) are now in a new Class F1.
Whilst the above is provided in good faith, parties are advised to take legal advice as, in certain cases, Local Authorities may adopt an Article 4 which might restrict some of the provisions.
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Comprising a lock up shop with the benefit laid out to provide a sales area, kitchen and WC facilities. An area will be demised to the rear of the property for bin storage. Approximate floor areas & dimensions are as follows: Gross Frontage: 20'0" (6.16m) Shop Depth: 23'9" (7.23m) Shop Width: 20'0"ave (6.16m Return Frontage: 12'9" (3.88m) Sales Area: 364 sq ft (33.85m2) Kitchen : 116 sq ft (10.78m2) Total: 480 sq ft (44.64m2)
* PROMINENT CORNER FRONTAGE * 5 MINS DRIVE FROM WESTFIELD STRATFORD * SALES AREA - 480 SQ FT (44.64M2)
A new Full Repairing and Insuring Lease is to be made available for a term to be agreed subject to periodic upward only Rent Reviews.
£15,000pax,payable quarterly in advance.
According to the Valuation Office Agency website www.voa.gov.uk website, the Rateable Value is £11,500. We believe the property will be exempt from business rates in the event the tenant does not occupy any other business premises however, interested parties are advised to make their own enquiries to the Local Authority to verify whether they are entitled to full or part relief.
The ingoing tenant is to be responsible for the Landlords legal costs borne in this transaction.
Immediate upon completion of legal formalities.
Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at marc@bennettphillips.com
BUSINESS RATES RELIEF UPDATE 2022/2023
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