Lock-up Shop

New Lease

For Sale

291a High Street North

East Ham E12 6SL

Other Details

Accomodation

Comprising a lock-up, half shop, laid out in clear space providing a sales area with WC & kitchenette facilities provided at the rear of the unit. Approx. floor area’s & dimensions are as follows: GF 6’ 9’’ (2.05m) RWF 10’ 0’’ (3.04m) SD 34’ 6’’ (10.51m) SW 6’ 6’’ (1.98m) Sales area 224sq ft (20.82m sq) Kitchen 43sq ft (4m sq)

Amenities

• Aluminium shopfront • Electric shutters • Vinyl floor covering • Inset Spotlights • Sought after location • Within a short walk of East Ham (District Line) Station

Lease

A new FRI Lease is to be made available for a maximum term or 10 years, subject to periodic upward only rent reviews. The Lease is to be drawn outside the provisions of the Landlord & Tenant Act.

Rent

£16,500pax paid quarterly in advance. VAT is not applicable. Premium. £10,000 for the benefit of the Leasehold interest.

Rates

Rateable Value April 2023/2024 - £8,800. As the Rateable Value is below the threshold of £12,000, qualifying tenants will not be liable for Business rates , however we strongly recommended that tenants make their own enquiries to the Local Authority to satisfy themselves as to whether they are liable to pay rates.

Legal Costs

Both parties reasonable costs are to be borne by the ingoing tenant. ADMINISTRATIVE FEE: Upon terms being agreed and prior to Solicitor’s being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Possession

Upon completion of legal formalities