Shops,Manor Park,E12 5AF,A1 , Let
928 sq ft ( 86.2112 sq m)
Size: 928Sq ft | Property Type: Shops Tenure: Leasehold | Area: Manor Park | Postcode: E12 5AF
Bennett Phillips Luton
199a High Road
Loughton
Essex
IG10 4LF
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.
• Electric shutters • Modern aluminium shop front • Close to Manor Park Main Line Station • Total internal floor area 928sq ft (86.3m2)
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.
£15,000pax payable quarterly in advance. In the event a new Lease is granted, the rent will be £17,000pax.
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.
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.
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
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