Lock-up Shop with Basement Storage

To Let

Substantial frontage...Aluminium shop front...Roller shutters...Within a short walk of Walthamstow Central Main Line & Victoria Line underground station

Other Details

Accomodation

Comprising a lock-up shop laid out in clear space having a wide frontage, ancillary rear storage, kitchen, WC facilities & basement storage. There is rear access for emergency purposes only. Approx floor areas & dimensions are as follows: Gross frontage 28’ 9’’ (8.76m) Shop Width 17’ 0’’ (5.18m) Shop depth 30’ 9’’ (9.37m) Sales area – 522sq ft (48.54m sq) Kitchen / rear storage – 110sq ft (10.23m sq) Basement - 565sq ft (52.5m sq)

Amenities

Substantial frontage Aluminium shop front Roller shutters Within a short walk of Walthamstow Central Main Line & Victoria Line underground station

Lease

A new Full Repairing and Insuring Lease is to be made available for a term to be agreed, subject to periodic upward only rent reviews.

Rent

£18,000pax paid quarterly in advance. VAT is not applicable.

Rates

Rateable Value April 2023/2024 - £16,500.00 Rates Payable 2023/2024 - £8,233.50 per annum Retail & Leisure premises - From 01/04/23 until 31/03/24 at the earliest, a tenant’s rates liability will be based on paying 25% of the annual rates payable (RP). Whilst this information is provided in good faith, prospective tenants are advised to make their own enquiries to establish whether they qualify for full or partial rate relief.

Legal Costs

Both parties reasonable costs are to be borne by the ingoing tenant. 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

The current tenant is due to vacate on the 24th May 2023, however vacant possession maybe available sooner.

Viewing

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