PROMINENT CORNER LOCK UP SHOP

TO LET

232 Lea Bridge Road

E10 7LN

Other Details

Accomodation

Comprising a corner shopfront premises, with return frontage, laid out in clear space & having a forecourt suitable for display purposes or parking for 1 car. There is a room at the rear of the shop which has a hand basin however, a WC will need to be installed. Approximate floor areas & dimensions are as follows: Gross frontage 14’ 9’’ (4.49m) Return window frontage 12’ 0’’ (3.65m) Shop Depth 24’ 6’’ (7.46m) Shop width (max) 17’ 6’’ (5.33m) Sales area 386 sq ft (35.89 m sq) Rear room 46 sq ft (4.27m sq) Forecourt display 192 sq ft (17.85 m sq)

Amenities

o Prominent return corner frontage o Electric shutters o Opposite national multiple occupiers o Forecourt display / parking for 1 car o In need of modernisation

Lease

A new FRI Lease is to be made available for a term to be agreed subject to periodic upward only rent reviews.

Rent

£12,000 pax to be paid quarterly in advance. VAT is not applicable.

Rates

According to the Valuation Office Agency website www.voa.gov.uk website, the Rateable Value is £8,800. We believe therefore that 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.

Legal Costs

The ingoing tenant is to be responsible for the Landlords legal costs 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 legalities.

Viewing

Strictly by appointment.