High Road, Chigwell, Essex, IG7

LOCATION:
The property is conveniently situated in a much sought after location on High Road Chigwell, immediately at the junction of Hainault Road within a few minutes walk close of Chigwell (Central Line) Underground Station and opposite the shopping facilities on Brook Parade. The premises lie within easy reach of the (A406) North Circular Road as well as the motorway network.

ACCOMMODATION:
Comprising a self contained first floor office/Beauty Salon, laid out as cellular offices/consulting rooms and accessed via its own front door. The premises are in good decorate order and would be ideal for a small professional practice or beauty business, although suitable for other businesses.

LEASE:
A new FRI Lease is to be granted for a term to be agreed, subject to periodic upward only rent reviews.

RENT:
£20,000pax, paid quarterly in advance.

BUSINESS RATES:
According to the Valuation Office Agency website website, the Rateable Value is £8,000. We believe the property will
be exempt from business rates in the event the tenant qualifies for Business Rate Relief however, interested parties are advised to make their own enquiries to the Local Authority to verify whether they are entitled to full or part relief.

ADMINISTRATIVE FEE:
Upon terms being agreed and prior to Solicitor's being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

LEGAL COSTS:
The ingoing tenant is to be responsible for the Landlord's reasonable legal fees borne in this transaction.

POSSESSION:
Available from early December 2024.