397A Eastern Avenue

Shops,Gants Hill,IG2 6LR,A1

Commercial information:

1298 sq ft ( 120.5842 sq m)

Rent : £39,500.00 / Annum

Key features

Size: 1298Sq ft | Property Type: Shops
Tenure: Leasehold | Area: Gants Hill | Postcode: IG2 6LR

Location

The property forms part of a secondary parade of shop front premises, situated within approx 50 yards of Gants Hill roundabout & Central Line underground station. Gants Hill has undergone significant & substantial regeneration over recent years leading to an increase in the number of residents & demand for a wide range of retail & other services. Occupiers close by include mainly localised tenants although the likes of Sainsburys Local, Pizza Go Go, William Hill, Ladbrokes, Dominos & Tesco Express are represented.

Contact Details

Bennett Phillips Luton

199a High Road
Loughton
Essex
IG10 4LF


Tel : 020 8501 3000
Phone : 020 8501 3000
Fax : 020 8500 5008

Highly Prominent Shop Front Premises with Significant Frontage

TO LET

                Substantial treble fronted unit

                Within a matter of yards from Gants Hill (Central Line) underground Station

Laminate wood flooring

                Suspended ceiling with LED & Spotlights

                Aluminium shopfront

                4 x temperature Control units

                CCTV & alarm (not tested)

                2 demised parking spaces

Other Details


Accomodation

Currently laid out in a number of areas to suit the existing tenant’s business, however easily adaptable to provide open plan space if required by removing the stud partitions. In addition, the unit provides kitchen & WC facilities. Externally there are 2 demised parking spaces in a secure, barrier operated car park. Approximate floor areas & dimensions are as follows: Gross Frontage 50’ 0’’ (17m) Shop depth 23’ 6’’ (7.19m) Shop width 55’ 3’’ (18.82m) Overall gross internal area 1,298sq ft (120.58sq m)

Amenities

Substantial treble fronted unit Within a matter of yards from Gants Hill (Central Line) underground Station Laminate wood flooring Suspended ceiling with LED & Spotlights Aluminium shopfront 4 x temperature Control units CCTV & alarm (not tested) 2 demised parking spaces

Lease

A new FRI Lease is to be granted for a term to be agreed, subject to periodic upward only rent reviews. The Lease is to be drawn outside of the Landlord & Tenant Act.

Rent

£39,500pax, paid quarterly in advance. BUILDING INSURANCE: The tenant will be required to make a pro-rata contribution towards the annual cost which for the current year is £500.

Rates

Rateable Value 2024/2025 - £40,750 Rates Payable 2024/2025 - £20,334.25

Legal Costs

The ingoing tenant is to be responsible for the Landlord's reasonable legal fees borne in this transaction. 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

Upon completion of legal formalities.

Viewing

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


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