3 bedroom retail property (high street) to rentGeorge Lane, London, E18
395 sq. ft. | £22,000 pa| £1,833 pcm
- 395 sq ft (36 sq m)
The building is situated in a prime position within the main commercial thoroughfare of George Lane. Local occupiers include Sainsburys, M & S food hall, Boots the Chemist and Greggs as well as a number of banks, building societies and estate agents.
South Woodford (Central Line) Underground station providing fast and easy access to the City and West End is within very easy walking distance.
Available accommodation comprises of a ground floor air conditioned (not tested) lock up shop with forecourt and very large rear garden/yard. The premises have benefited from recent expenditure and are ready for immediate occupation having the approximate floor areas/dimensions as follows:
Internal width - 12`10" (3.91m) widening to - 16` (4.88m), shop depth - 21`6" (6.55m).
Floor areas as follows - forecourt, ground floor sales - 290 sq.ft. (26.94 sq.m.), rear ancillary - 105 sq.ft. (9.75 sq.m.), large rear garden/yard. Total ground floor area - 395 sq.ft. (36.69 sq.m.).
The premises are available by way of an assignment of our client's 15 year lease of the entire building from 19 March 2010 expiring 18 March 2025.
Included within the demise is a self-contained 3 x bedroom split level flat which we understand is subject to an Assured Shorthold Agreement (AST) for 12 months (6 month break clause) commencing 27 June 2015 at £1,150 pcm.
It should be noted that the lease includes a Landlords rolling break option for redevelopment purposes only at any time after the 4th anniversary (March 2014) subject to not less than 12 months prior written notice.
Premium upon application.
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 regard.
We are verbally advised that the business rates payable for the current year are £5,063.25 excluding Small Business Rates Relief which represents a 20% reduction as well as Retail Relief of up to a maximum of £1,000. Interested parties are encouraged to make their own enquiries to LBoRedbridge 020 8478 3020 in this regard.
A3 (catering) will not be considered. The lease will prohibit any competing uses with neighbouring occupiers, namely: Cafe/Coffeeshop/Cake shop, Hardware store, Bakery, Sweet shop & Tattoo Parlour.
The ingoing tenant will be responsible for both parties reasonable legal costs incurred in this transaction.
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