SHOP FRONT PREMISES WITH CLASS E USE

TO LET

386 GREEN LANE

ILFORD

Other Details

Accomodation

Comprising shopfront premises with the benefit of Class E Use laid out to provide a sales area with reception area & two consultations rooms which have been created using demountable partitions. Beyond the sales area there are three additional areas, currently used for office & storage purposes. WC facilities are provided towards the rear of the sales area and at the front of the property there is a forecourt suitable for display purposes. Approximate floor areas & dimensions are as follows: GF 14’ 0’’ (4.26m) SD 25’ 6’’ (7.8m) SW 10’ 9’’ ave (3.27m) Sales area 250sq ft (25.5m sq) Additional rear office / storage 524sq ft (48.68m sq) Forecourt 113sq ft (10.49m sq)

Amenities

Inset spotlights & florescent tube lighting Electric wall mounted heaters Forecourt display Established local parade Timber shopfront

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. The Lease is to be drawn outside the provisions of the Landlord & Tenant Act.

Rent

£15,000 pax, paid quarterly in advance. VAT is not applicable.

Rates

According to the Valuation Office Agency website www.voa.gov.uk website, the Rateable Value is £9,000. We believe the property will be exempt from business rates in the event the tenant qualifies for Business Rate Relief however, interested parties are advised to make their own enquiries to the Local Authority to verify whether they are entitled to full or part relief. Retail & Leisure premises - From 01/04/25 until 31/03/26 at the earliest, a tenant’s rates 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

Legal costs. The ingoing tenant is to be responsible for the Landlords legal costs. Administrative Fee: Upon terms being agreed and prior to Solicitors 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 legalities.