612 Romford Road

Shops,Manor Park,E12 5AF,A1 , Let

Commercial information:

928 sq ft ( 86.2112 sq m)

Rent : £15,000.00 / Annum

Key features

Size: 928Sq ft | Property Type: Shops
Tenure: Leasehold | Area: Manor Park | Postcode: E12 5AF

Location

The property occupies a prominent frontage onto Romford Road (A118) within a matter of yards of the junction with High Street North & Station Road. Occupiers located close by include, Bet Fred, Army & Navy Stores, Manor Park Pharmacy, a sub “Post Office & Manor Park Community Neighbourhood Centre. Manor Park Main Line station is within a 5-minute walk of the property. Ilford Town Centre & access to the (A406) & onwards to (A12/A13) & (M11) is within a mile of the property.

Contact Details

Bennett Phillips Luton

199a High Road
Loughton
Essex
IG10 4LF


Tel : 020 8501 3000
Phone : 020 8501 3000
Fax : 020 8500 5008

SHOP FRONT PREMISES
LEASE TO ASSIGN / ** NEW LEASE AVAILABLE
  • Electric shutters
  • Modern aluminium shop front
  • Close to Manor Park Main Line Station
  • Total internal floor area 928sq ft (86.3m2)

Other Details


Accomodation

Comprising a mid-terrace property, laid out to provide a mix of open plan areas currently used for retail purposes & smaller areas used for storage & office use. Kitchen & WC facilities are provided, along with a small self-contained yard which is accessed from the rear of the shop. At the front of the property there is a forecourt suitable for display purposes. Approximate floor areas are as follows: - Gross Frontage: 15 ft 0 ins (4.57m) Sales area: 420 sq ft (39.06 m sq) Ancillary storage / Additional sales: 377sq ft (35.06m sq) Office: 56sq ft (5.3m sq) Kitchen / Staff: 75sq ft (6.97m sq) Forecourt: 150 sq ft (13.95 m sq) Self-contained yard: Not measured.

Amenities

• Electric shutters • Modern aluminium shop front • Close to Manor Park Main Line Station • Total internal floor area 928sq ft (86.3m2)

Lease

We are instructed to find a tenant to take an assignment of the remainder of our clients FRI Lease which expires on 17th July 2025 without any further rent reviews. The Lease was granted outside the provisions of the Landlord & Tenant Act. ** We understand that subject to covenant, the Landlord may grant a new FRI Lease subject to agreeing terms.

Rent

£15,000pax payable quarterly in advance. In the event a new Lease is granted, the rent will be £17,000pax.

Rates

According to the Valuation Office Agency website www.voa.gov.uk website, the Rateable Value for 2023/2024 is £12,500. We understand from our client that taking into account transitional relief and small business discounts the payable amount for the current year is £600, however, interested parties are advised to make their own enquiries to the Local Authority to verify this amount.

Legal Costs

The ingoing tenant is to be responsible for our client / the Landlords legal costs in connection with an Assignment or a new Lease being entered into. 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


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