GRADE 2 LISTED BUILDING

SHOP TO LET

Shop 3 Central House,

High Street,

Ongar, CM5 9AA

Other Details

Accomodation

Comprising part of the ground floor of a multi-let, Grade II listed property. The available unit is laid out to provide a sales area and rear office/store where WC facilities are situated. Parking for tenants is available at the rear of the property on a first come, first served basis. Approximate dimensions & floor areas are as follows: Gross Frontage: 23’ 0"(6.99m) Shop Depth: 13’ 0"(3.96m) Shop Width: 23'0" (6.99m) Sales Area: 299 sq ft (27.80m2) Storage/Office: 203 sq ft (18.87m2)

Amenities

Large glazed frontage Part suspended ceiling with inset spotlights Laminate flooring throughout Class E Use Excellent natural light to retail area

Lease

Assignment. We are instructed to find a party to take an Assignment of our client’s existing 10 year FRI Lease which was entered into in October 2019. The Lease made provision for both a mid-term upward only rent review & tenant only option to break at the end of the 5th year. The Lease was drawn outside the provisions of the Landlord & Tenant Act. New Lease. We understand the Landlord is prepared to grant a new FRI Lease for a term to be agreed, subject to covenant & sight of satisfactory references.

Rent

PASSING RENT: £11,500 per annum exclusive, payable quarterly in advance. NEW LEASE: £12,500pax, paid quarterly in advance.

Rates

According to the Valuation Office Agency website www.voa.gov.uk website, the Rateable Value is £8,300. We believe 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

Immediate upon completion of legal formalities. 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

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