Rainham Road South, Dagenham, London, RM10

PROMINENT CORNER LOCK UP SHOP
TO LET

Prominent corner location
Return window frontage
Suspended ceiling with concealed fluorescent tube lights
Electric shutters
Opposite Dagenham East (District Line) station
¼ mile from Eastbrook Studios

Please note our client owns the other shops in the parade so will not allow competing uses. The following will therefore not be permitted:
Barber, Pharmacy, Convenience Store, Take-aways / Cafe, Beautician, Meat & fish.


LOCATION:
The shop is located on Rainham Road South, immediately at the junction of Western Road and opposite Dagenham East (District Line) station. The recently opened Eastbrook Studio is very close by. Nationally represented occupiers close-by include Jewson, Tesco Express & Travel Lodge.The parade houses localised occupiers including grocery, take-away, chemist, dry cleaner, barbers & beautician.

ACCOMMODATION:
Comprising a prominent corner lock-up shop, having return window frontage to Western Road and a forecourt for display purposes. Internally the shop is laid out in clear space and has a small storeroom, WC & kitchen facilities.

Approximate floor areas & dimension are as follows:
Gross Frontage: 15ft 6 ins (4.72m)
Splay Frontage: 6ft 3 ins (1.9m)
Return Frontage: 12ft 9 ins (3.88m)
Shop Depth: 27ft 6 ins (8.32m)
Shop Width: 19ft 3 ins (5.86m) max
Sales Area: 419 sq ft (38.92m2)
Storage: 19 sq ft (1.76m2)

LEASE:
A new FRI lease is to be made available for a term to be agreed, subject to periodic upward only rent reviews. The Lease will be granted inside the provisions of the Landlord & Tenant Act.

RENT:
£11,000pax, paid quarterly in advance. VAT is not applicable.

BUSINESS RATES:
According to the Valuation Office Agency website website, the Rateable Value of the property is £8,200. 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 FEES:
The ingoing tenant is to contribute towards the Landlords reasonable legal costs borne in this transaction.

ADMINISTRATIVE 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.

POSSESSION:
Immediate upon completion of legalities.

VIEWING:
Strictly by appointment through sole agents Bennett Phillips Luton | Contact Marc Luton at