The end of the terrace unit is arranged as an open-plan storage/light industrial space previously used as a Joinery business.
Location
The property forms part of an established and popular industrial Estate lying to the south of Oxlow Lane close to the A12 & A13. Chadwell Heath train station is 3 miles away providing a service to London (Liverpool Street) within 25 mins. Dagenham Heathway is approximately a mile away.
Accommodation
7a Midas Business Centre
Open Plan Space - 877 sq ft (81.50 sq m)
Mezzanine - 443 sq ft (41.14 sq m)
7b Midas Business Centre
Open Plan Space - 1,649 sq ft (153.22 sq m)
Total Area - 2,969 sq ft (275.87 sq m)
Terms
Tenure: The property is available on a brand-new FRI lease, subject to agreement and will be upward only open market rent reviews.
Rent: Rental offers in the region of £28,000 + VAT (£9.40 psf) subject to contract
Available from 1st June 2025
N.b Under the terms of the management agreement, car trade & place of worship uses are prohibited.
Service Charge: Estate management Charge £1125.33 pa + VAT
Rates (approx.):
Rateable Value 7a £8,300
Rates payable: £4,142
Rateable Value 7b £15,500
Rates payable: £7,734.5
(Interested Parties are advised to verify with the London Borough of Barking & Dagenham)
Legal Costs: Ingoing tenant will be expected to pay a contribution of £2000 + VAT towards the landlord’s legal costs.
Reference Charge: Countrywide Commercial (UK) Ltd charges an admin fee of £350 + VAT to carry out credit checks, AML and references for proposed tenants. This fee is non-refundable once the checks have been applied for whether they are accepted or not by the landlord.
Holding Deposit: Tenants wishing to secure this property may be required to pay a holding deposit to Countrywide Commercial of £2000. This deposit is not refundable except if the vendor withdraws, clear title cannot be proven or the tenant’s references, AML, and Credit checks are not acceptable to the landlord. This deposit is held in our client’s account until completion.
Specification
- New Lease Available
- 2526 ft² / 234.72 m²
- Parking Available
- Security Shutters
- Kitchen & WC facilities
- 3-Phase Power