Embroidery World Business Centre, Southend Road, IG8

Location.
The property is situated on the Westbound carriageway of Southend Road (A1400) - approx. 6,000 vehicle movements an hour at peak times - within approx. 1/3 mile of Charlie Browns roundabout. More immediately, the building is at the entrance to the Bourne Court office development & on a site which has shared access to All Tyres. There are excellent connections to the local & national road network from Charlie Browns roundabout which provides access to (A12, A406). Junction 4 of the M11 motorway is within a few minutes' drive and provides access at junction 6 to the (M25). The surrounding area comprises a number of Warehouse / Industrial estates, including retail counters. There is a Tesco store within 400 yards. South Woodford (Central Line) station is within a 15-minute walk. Bus routes 123, 179 & the SL2 (super loop) have stops within a matter of yards from the building.

Accommodation.
The property has in part historically been used as an office and storage facility for a dairy. In recent years the entirety of the space has been used as offices and is laid out to provide 5 areas of differing sizes, plus kitchen & WC facilities. Three car parking space are to be made available, located in the adjacent yard, shared with All Tyres. A total of approx. 1,714sq ft (159.51sq m) can be made available, 1,355sq ft of which is in the main building, with an additional 359sq ft, accessed off the yard used by All Tyres.

Planning.
It's considered the property could lend itself to alternative uses including although not necessarily limited to Leisure, Beauty, Storage & Education.

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 is to be granted outside the provisions of the Landlord & Tenant Act.

Rent.
£27,000 pax paid quarterly in advance,VAT is applicable.

Business Rates.
TBC

Legal Costs.
The ingoing tenant is to be responsible for a contribution towards the landlord's legal costs.

Possession.
There is a currently a lease in place which expires in August 2026 however, the tenant has vacated so subject to prior agreement and the surrender of the existing, a new lease can be made available earlier.

Admin 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.