SUBSTANTIAL GROUND FLOOR PREMISES (CLASS E) USE

(APPROX 2,878sq ft - 267.65m sq)

AVAILABLE FOR A MAXIMUM TERM UP TO 3 YEARS

396-398 HIGH ROAD LEYTONSTONE

LONDON E11 3HW

Other Details

Accomodation

Comprising the ground floor of a 2-storey brick-built building under a corrugated pitched roof. The unit is offered in clear space & has pedestrian access onto the High Road & additional customer, as well as access for deliveries via double width doors from Howard Road. The premises total approx 2,878sq ft - 267.65m sq.

Amenities

• Prominent main road frontage with significant return frontage • Full height loading • Good floor to ceiling height • Offered in clear space • Close to Stratford & Leytonstone Town Centres

Lease

A new FRI Lease is to be made available for a maximum term of 3 years subject to a mutual Break option at the end of 18 months. The Lease will be drawn outside the provisions of the Landlord & Tenant Act.

Rent

£35,000pax paid quarterly in advance.

Rates

Rateable Value 2022/2023- £22,250 Rates Payable - 2022/2023- £11,392 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 tenant are advised to make their own enquiries.

Legal Costs

Each party to be responsible for their own legal costs. 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