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Shop to rent

Ripple Road, Barking, Essex

£45,500 pa

Property Description

Key features

  • Approximate GIA 2,831 sq ft
  • Incentives available
  • Double fronted
  • Rear access

Full description

** SHOP TO LET ** - Situated on Ripple Road near the entrance to Vicarage Field shopping centre and close to Barking Market on East Street. The total ground floor area is approximately 2,831 square feet (263.06 square metres). Please call CLARKE HILLYER on 020 8501 9220 for more information.

Location - Situated on Ripple Road near the entrance to Vicarage Field shopping centre and close to Barking Market on East Street. Occupiers within a close proximity include Travel lodge, Tesco's Express, Barclays Bank, and numerous other national and independent retailers. The property benefits from good passing footfall and the area is well serviced by excellent transport links including numerous bus routes and Barking Overground and Underground station which is on the District Line and the Hammersmith and City Line.

Description - Double fronted ground floor lock up shop with a retail area of approximately 1,668 square feet (155 square metres). The total ancillary space is approximately 1,163 square feet (108.06 square metres). This provides an approximate total ground floor area of 2,831 square feet (263.06 square metres). The property benefits from a rear access, small rear yard, male and female w/c.

Terms - The property is available by way of a lease assignment. The current lease is for a term of 15 years from August 2008 and is outside the landlord and tenant act. The current passing rent is £45,500 per annum and rent reviews are due in May 2013 and May 2018. We are waiting for confirmation on whether VAT is payable on the rent.

Incentives are available and should the right offer be received it might be possible to negotiate a new lease for any interested parties.

Business Rates - The London Borough of Barking & Dagenham have informed us of the following;

2010 Rateable Value: £32,500
2016/17 UBR: 0.497 P/£
2016/17 Rates Payable: £16,152.50

All interested parties are advised to verify these figures with the local rating authority.

Legal Costs - The ingoing Tenant is to be responsible for both parties reasonable legal costs.

Viewings - Strictly through sole agents Clarke Hillyer on 020 8501 9220.

Epc - This property has an Energy Performance Certificate Rating of E.

Whilst we at Clarke Hillyer endeavour to ensure the accuracy of property details produced and displayed, we have not tested any apparatus, equipment, fixtures and fittings or services so cannot verify that they are connected, in working order or fit for purpose. Neither have we had sight of the legal documents to verify the Freehold or Leasehold status of the property. Please be advised that any plans provided are to indicate the layout of the property, are not to scale and for guidance purposes only. Any interested parties are advised to obtain verification from their solicitor or surveyor.


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