The property is arranged over the ground floor, with a forecourt, rear storage, kitchen and WC areas.
Location
The property is located on Chigwell Road (A113) within a parade of local shops Ashton Playing Fields and Waltham Road.
The area benefits from an excellent mix of independent and established businesses and is a bustling location, nearby traders are Co-op Supermarket, Costa Coffee and local successful traders. Public transport links well serve the area with numerous bus routes offering connections to Woodford Green station to the West or Chigwell station to the East, both on the Central lines offering excellent routes to Central London.
Accommodation
Shop Area - 682 sq. ft (63.44 sq m)
Rear (Kitchenette & WC) Area - 72.12 sq. ft (6.7 sq m)
Total Area - 754.12 sq. ft (70.14 sq m)
Terms
Permitted use
It has an E Class use (No Hot Food Use will be allowed by our client)
Tenure
The property is held on a 5-year lease from September 2023 with a tenant break clause in year 3.
Rent
Passing rent £22,000 pax subject to contract.
Deposit
A minimum of 3 Months security deposit will be required
Rates
Rateable Value: £14,750
Rates payable: £7,360.25
(Parties are advised to verify with the London Borough of Havering)
Legal Costs
The ingoing tenant is to pay towards the landlord legal costs of £1500 + VAT
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.
EPC
Available Upon Request
Specification
- E Class Use
- Lease Assignment
- Excellent Passing Trade
- Forecourt
- Close to Coop & Costa Coffee
- NO HOT FOOD ALLOWED