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Shop to rent

5 Cundy Road, London, E16 3DJ

Let Agreed 562 sq. ft. | £6,500 pa| £542 pcm

Property Description

Commercial information

  • 562 sq ft (52 sq m)
  • Use class orders: A1 Shops and A2 Financial and Professional Services

Full description

LOCATION:
This popular secondary parade is situated on the north side of Cundy Road close to the junction with Prince Regent Lane. The City Airport is approximately half a mile away to the south via Connaught Bridge which links directly onto the A112 and Prince Regent DLR is approximately two minutes walk away. The immediate surrounding area is mainly residential and is served by this local popular parade.

DESCRIPTION:
A lock up shop unit with front and rear access contained within a parade of eight other shops with a variety of trades serving the main local residential population. The property benefits from a shop front and security shutters. Internally the property has a good sized sales area and includes a self-contained w.c unit to the rear. There is also a rear exit door leading onto a service road. The premises was previously used as a hairdressers.

LEASE:
A new proportional FRI lease is available for a term to be agreed contracted outside the 1954 Landlord and Tenant Act.

RENT:
6,500 per annum exclusive.

PLANNING USE:
Suitable for A1 or A2

RATABLE VALUE:
3,500 ~ current rates payable approximately 1,715 per annum although we recommend any potential tenant make their own enquiries to the local authority and small business rates may be applied.

LEGAL COSTS:
The ingoing tenant to pay the Council's surveyor's fees prior to completion at 10% of rent (subject to a minimum of 1,250 + VAT). An undertaking will need to be entered into prior to the Council's solicitors forwarding lease documentation which currently equates to 1,500 subject to confirmation.

VIEWING:
Strictly by appointment through the sole agent.


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