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Shop to rent

Tranquil Vale, Blackheath, SE3

£38,000 pa

Property Description

Full description

A1 retail shop currently trading as Black Vanilla. The shop has been modernised by the current tenant to a high standard including exterior and interior redecoration new flooring, air conditioning, security system. There is also good size lower ground floor area currently used as office and storage use the upper floors comprises of a split level self contained two bedroom flat. Which we understand is currently held on a 12 month AST at £1550 pcm as from February 2016
The property is located on Tranquil Vale near the junction of Montpelier vale pedestrian crossing. Blackheath Village is a vibrant shopping and eating location with several main stream retail and restaurants including Chapters, Costa Coffee, Jigsaw, and Cote. Blackheath mainline station is a few minutes' walk from the property giving access to London Bridge, Cannon St and Charing Cross. The Village is also well served by bus services to all surrounding areas in Greenwich, Lewisham, Eltham and the City.
Retail: Double bay fronted shop of approx 320 sqft door to Staff WC, door to rear service area.
Lower Ground Floor. Previously used as offices currently divided as Preparation room and storage /office. Approx 320 sqft. Overall.
This is an assignment of an existing full repairing and insuring lease of 16 years as from September 2005, the lease has approx 5yrs and 5months remaining with a rent review due September 2017.
RENT: £ 38,000pa.
We understand VAT is not applicable.
PREMIUM: A premium is being sought of £30,000 to be paid by cleared funds upon signing of the lease.
Legal Costs: The ingoing tenant will be responsible for their own and the superior landlords reasonable costs to be agreed.
Note : the superior landlord will require the tenancy to be supported by a Guarantor for the agreed term.
Rates: All interested parties should make own enquires regarding business rates for 2016/17 via
Viewing: all viewings will be conducted by a prior appointment with Heath Estates Commercial.

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