The property forms part of a secondary parade of shop front premises situated within approximately 200 yards of Fullwell Cross Roundabout / High Street Barkingside and five minutes’ walk of Fairlop Underground Station (Central Line). Occupiers within the parade include Tax Assist Accountants, Redbridge Solicitors, SPM Car Hire Services, Borno Pharmacy and The Fairlop Oak (Weatherspoons Public House).  Fullwell Cross Medical Centre is situated immediately opposite the Parade.

Other Details

Accomodation

Comprising a lock up ‘half’ shop laid out to provide a sales area, storeroom, WC and kitchen facilities. Externally there is a yard over which the tenant has a right of way to access a pedestrian walkway which runs across the back of the parade. Gross Frontage: 9ft 3” (2.81m) Shop Depth: 41ft 9” (12.72m) Shop Width (Max): 13ft 0” (3.96m) Sales Area: 401 sq ft (37.29m2) Storeroom: 72 sq ft (6.69m2) Kitchen/WC facilities 40 sq ft (3.71m2)

Amenities

• Laminate wood floor • Suspended ceiling with concealed spotlights • Gas Central Heating (not tested)

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 will be drawn outside the provisions of the Landlord & Tenant Act.

Rent

£10,000 per annum, paid quarterly in advance. We understand VAT is not applicable.

Rates

According to the Valuation Office Agency website www.voa.gov.uk website, the Ratable Value is £7,600. 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-time relief.

Legal Costs

Both parties’ reasonable legal fees incurred in a transaction are to be borne by the ingoing tenant. Administrative Fee: Upon terms being agreed and prior to Solicitor’s being instructed, the prospective 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.

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