SHOP FOR SALE

160 HERMON HILL, LONDON, E18 1QH

469 sq.ft ( 43.57 m² )

Key Features

• A3/A5 consent
• Long unexpired term

Location

The property is situated within a local parade of retail shops towards the northern end of Hermon Hill (A113) which in turn leads to Charlie Brown's roundabout, whereby the A406 North Circular can be accessed from. South Woodford Station is located 0.3 miles from the demise providing direct links via the Central Line to London Liverpool Street and surrounds. On-street parking is available on nearby roads.

Accommodation

Ground floor restaurant/take-away unit with stores and an external yard providing rear access, WC and additional storage accommodation.

Sales Area	359 sq.ft ( 33.35 m² )
Rear Store	39 sq.ft ( 3.62 m² )
External Store	71 sq.ft ( 6.60 m² )
Total	469 sq.ft ( 43.57 m² )

Lease Terms

The property is let on a Full Repairing and Insuring Lease for a term of 20 years commencing May 2012 thus having an unexpired term of circa 12 years. We understand there to be rent reviews on a 5 yearly pattern and the current rent passing to £13,000.00 per annum exclusive.

We are advised that the upper parts comprise a 2 bedroom split level maisonette and we are currently awaiting confirmation of the unexpired term and the ground rent arrangement.

Price

Rates

Rateable Value	£8,700
UBR 2019/2020	49.1p
Rates Payable	£4,272
	The Tenant here is responsible for Business Rates. Any further enquiries should be re-directed to The London Borough of Redbridge Council on 020 8708 4357.