Retail Property (high street) to rentStation Road, London, E4
672 sq. ft.
- 672 sq ft (62 sq m)
A mid terraced building located in the heart of North Chingford currently trading as `Jojo`s Deli Kitchen`. The unit is in superb decorative order and benefits from a rear decked yard with outside seating.
First and second floors comprise a 2x bedroom self contained split level maisonette currently let by way of an AST producing a monthly rental of £1,000.
The premieses are available by way of an assignment of our clients 10 year lease of the entire to expire 7 December 2016 at the current passing rental of £22,000 per annum is available subject to a premium of £10,000 for the benefit of the leasehold interest. The lease is contracted inside of the security of tenure and compensation provisions of the 1954 L & T Act
We understand that the Landlord would consider granting a new 10 year lease at a commencing rental of £26,500 per annum exclusive subject to covenant etc.
All rents, prices and premiums are exclusive of VAT under The
Finance Act 1989. Accordingly, interested parties are advised to
consult their professional advisers as to their liabilities, if any, in this direction.
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