LOCK UP SHOP (FORMER CAKE SHOP / BAKERY) & BASEMENT

TO LET

• Tiled Floor
• Prominent Return Frontage
• Electric Shutters
• Suspended ceiling with concealed lighting
• Air conditioning units (not tested)
• Former Bakery with cold room left in situ (not tested)
• Located Within the Market Section of Roman Road

Other Details

Accomodation

Comprising a highly prominent shopfront premises with return corner frontage, having Class E Use. The shop is laid out to provide a sales area with substantial rear storage / former bakery & a full height, dry basement which is accessed towards the rear of the sales area. WC facilities are provided at the rear of the ground floor as is pedestrian access onto Libra Road. Approx. floor area’s & dimensions are as follows: Gross Frontage: 13’ 3’’ (4.03m) Splay Frontage: 5’ 0’’ (1.52m) Return Window Frontag:22’ 0’’ (6.7m) Shop Depth: 23’ 0’’ (7m) Shop Width: 14’ 6’’ (4.41m) Retail sales area: 327 sq ft (30.41m2) Bakery/storage: 351 sq ft (32.64m2) Basement Storage: 322 sq ft (29.94m2)

Amenities

• Tiled Floor • Prominent Return Frontage • Electric Shutters • Suspended ceiling with concealed lighting • Air conditioning units (not tested) • Former Bakery with cold room left in situ (not tested) • Located Within the Market Section of Roman Road

Lease

A new Full Repairing and Insuring Lease is to be made available for a term of 10 years subject to a mid-term upward only Rent Review. The Lease is to be drawn inside the Landlord & Tenant Act.

Rent

£25,00pax plus VAT, paid quarterly in advance. PREMIUM: £10,000 for the benefit of the Leasehold interest and the f & f left in situ.

Rates

Rateable Value 2022/2023 - £15,000 Rates Payable 2022/2023 - £7,485 per annum Retail & Leisure premises - From 01/04/22 until 31/03/23 at the earliest, a tenant’s rates liability will be based on paying half of the annual rates payable. Whilst this information is provided in good faith, prospective tenants are advised to make their own enquiries.

Legal Costs

The ingoing Tenant is to be responsible for the Landlord's reasonable legal fees borne in this transaction. 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

Immediate upon completion of legal formalities.

Viewing

Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at marc@bennettphillips.com