Lock-up Shop

To Let

•             Amongst numerous National occupiers

•             Suspended Ceiling with concealed lighting

•             Integrated air-conditioning / temperature cooling system

•             5-minute walk from Southgate (Piccadilly Line) Underground station

•             Good pedestrian footfall

Other Details

Accomodation

Accommodation. Comprising shop front premises (Class E use), laid out to provide a former Bank premises which, once existing partitions have been removed, will provide a sales area with additional ancillary sales, storage, office, kitchen / staffroom & WC facilities. To the rear there is loading & parking for 1 car. Approximate floor areas & dimensions are as follows: Gross Frontage: 18’ 0’’ (5.48m) Shop width: 16’ 9’’ (5.1m) Shop depth: 39’ 0’’ (11.88m) Sales area: 653sq ft (60.72m sq) Ancillary sales, storage, office: 112sq ft (10.41m sq) Kitchen / staffroom: 220sq ft (20.46m sq) Parking for 1 car

Amenities

• Amongst numerous National occupiers • Suspended Ceiling with concealed lighting • Integrated air-conditioning / temperature cooling system • 5-minute walk from Southgate (Piccadilly Line) Underground station • Good pedestrian footfall

Lease

A new FRI Lease is to be made available for a term to be agreed subject to periodic upward only rent reviews. The Lease is to be drawn inside the provisions of the Landlord & Tenant Act.

Rent

£30,000pax paid quarterly in advance. VAT is not applicable.

Rates

2023/2024 Rateable Value: £23,500 2023/2024 Rates Payable: £11,726.50 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

The ingoing tenant is to be responsible for the Landlords reasonable 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.

Viewing

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