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Retail Property (high street) to rent

132 THE GROVE

Under Offer £4,583 pcm
1,383 sq. ft.

Property Description

Commercial information

  • 1,383 sq ft (128 sq m)

Key features

  • Rare Vacant Retail Opportunity in Stratford Town Centre
  • Excellent Location
  • Close to Several Multiple Retailers and Banks

Full description

Tenure: Leasehold

Location

The property occupies a prominent position on the west side of The Grove (A11), close to the junction with Great Eastern Road in the centre of Stratford. Stratford Station (Central & Jubilee Lines, DLR and British Rail), bus terminal and shopping centre are situated close by, as is Maryland (National Rail) station. There are several multiple retailers and banks near the property including Paddy Power, Nationwide, Morrisons, Argos, Nando’s, Lloyds TSB and Foxtons,

The major transformation of the area over the past few years has included the recent regeneration of the Stratford ‘Cultural Quarter’, opening of Westfield Shopping Centre, upgrade to Stratford’s bus and rail networks and the Queen Elizabeth Olympic Park.

Description

The subject accommodation currently comprises a modern ground floor retail unit formed part of a 3 storey mid-terrace brick built structure. The unit benefits from a modern glazed shop front, newly tiled floor, plastered walls and part suspended ceiling tiles. Internally the unit is fitted with 2 ceiling AC units, spot lighting, and concealed lighting in the Ceiling. The unit also benefits from an alarm and CCTV.

The subject property, once refurbished will provide the following approximate
area: Ground floor retail area: 128.30m2 / 1,381.01ft2

Legal Costs

Each party to bear their own legal costs incurred in this transaction. The prospective tenant is to give an undertaking through their solicitors prior to the commencement of legal formalities for any abortive legal costs should they withdraw from the transaction.

Viewing

Strictly by appointment through Landlord’s Sole Agent

Tenure

The premises is available on a 20 year FRI lease commencing on the 9th of August 2011 subject to a passing rent of £55,000pax with 5 yearly rent reviews. The Tenant can break the lease on the 12th year of the Lease commencement date.

Premium

£50,000


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