Woodlands Road, Ilford, London, IG1

Location.
The property is located in a secondary retail parade, at the junction with Windsor Road & therefore within a couple of minutes' walk of Ilford Lane. Occupiers located within the subject parade & opposite include convenience shops, double glazing & tile showrooms, electrical wholesalers, flooring contractors & a travel agent. Ilford Town Centre & all amenities including the Towns (Elizabeth Line) Station are within ¼ of a mile as are connections to the local road network via the (A406).

Accommodation.
Comprising shop front premises (Class E) use, laid out in clear space with rear storage & WC facilities. The property further benefits from having full-height basement storage & small forecourt suitable for display purposes. Approximate floor areas & dimensions are as follows:
Gross frontage 18' 6'' (5.63 m)
Shop width (max) 13' 6'' (4.11m)
Shop depth (max) 40' 6'' (12.34m)
Sales area 517sq ft (48.03sq m)
Storage 64sq ft (5.94sq m)
Basement 260sq ft (24.15sq m)
Forecourt 68sq ft (6.31sq m)

Lease.
A new FRI lease is to be granted for a term of 5 years subject to an upward only rent review, drawn outside the provisions of the Landlord & Tenant Act.

Rent.
£17,000pax, paid quarterly in advance, VAT is not applicable.

Business Rates.
According to the Valuation Office Agency website website, the Rateable Value is £11,000. 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.

Legal Costs.
Both parties' reasonable costs are to be paid by the ingoing tenant.

Possession.
Immediate upon completion of legalities.



Administration Fee.
Upon terms being agreed and prior to Solicitor's being instructed, the prospective 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