RENT REDUCED

Prime Retail Unit with Extensive Frontage

2,431sq ft (225.84sq m)

(may split)

TO LET

Other Details

Accomodation

Comprising a double fronted unit (Class E use), with the potential to create clear space subject to removing the previous tenant’s partitions. WC & staff areas are provided to the rear along with 5 demised parking spaces in a private car park immediately behind the unit. Our client may consider splitting the unit into two. Terms on request. Approximate floor areas & dimensions are as follows: GF 44’ 9’’ (13.63m) SW 47’ 3’’ (max) (14.4m) SD 62’ 0’’ (18.89m) Sales area 2,237sq ft (207.82sq m) Staff room 194sq ft (18.02sq m) Overall floor area 2,431sq ft (225.84sq m)

Amenities

• High Street Location • Amongst national occupiers • Within a short walk of Loughton (Central Line) underground station • 5 demised parking spaces at the rear • Prominent frontage • Pay & display parking outside • Eight temperature control units throughout

Lease

A new Full Repairing and Insuring Lease is to be granted for a term to be agreed subject to periodic upward only Rent Reviews. The Lease is to be granted inside the Landlord & Tenant Act.

Rent

£79,500pax for the entire, paid quarterly in advance. VAT is applicable.

Rates

Rateable Value 2023-2024: £71,000 Rates Payable 2023-2024: £36,352 per annum Retail & Leisure premises - From 01/04/25 until 31/03/26 at the earliest, qualifying tenant’s will be able to claim relief against full Business rates. During this period, the rate liability will be based on paying 40% 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

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. LEGAL COSTS: Each party are to be responsible for their own legal fees borne in this transaction.

Possession

Immediate upon completion of legalities.

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