SHOP LEASE FOR SALE
168 MAIN ROAD, ROMFORD, GIDEA PARK, ESSEX, RM2 5HS

Key Features

•  Suspended Ceiling
•  LED lighting
•  Paypoint
•  Alocohol License
•  Lottery
•  late Opening Hours (12PM)
•  Renewable Lease
•  Weekly Gross Turnover £8,500

Location

The premises are situated on a small parade of shops on main Road (A118) and can be accessed directly from the A12 to the west of the property. Gidea Park Railway Station is located 0.5 miles to the south, servicing frequent journeys to Liverpool Station and a proposed stop on the new Crossrail.

Accommodation

A retail unit with storage, WC, rear access and 1 allocated car parking space. Amenities include suspended ceiling and LED lighting. Approximate areas and dimensions are as follows:

Internal Width	6' 1" ( 1.85 m)
Retail Depth	52' 10" ( 16.10 m)
Build Depth	68' 12" ( 21.03 m)
Sales Area	1,057 sq.ft ( 98.20 m2  )
Storage	326 sq.ft ( 30.29 m2  )
Total	326 sq.ft ( 30.29 m2  )

Lease Terms

The premises are offered by way of an assignment of the existing lease which is understood to expire 29th May 2033. Such lease as existing is within the provisions of the Landlord and Tenant Act 1954 governing Security of Tenure. A premium in the region of £60,000 is sought in consideration of the goodwill of the business, fixtures and fittings and the benefit of the lease.

Rent

£19,500 per annum exclusive of all outgoings, payable quarterly in advance on the usual quarter days.

Rates

Rateable Value	£16,250
UBR 2018/19	47.5p
Rates Payable	£7,719
	Interested parties are advised to verify these figures with the London Borough of Havering on 01708 433993

Energy Performance Asset Rating

A+
A
B
C
D	78 This is how energy efficient this building is
E
F
G

VAT

Value Added Tax is applicable in respect of this transaction.

Service Charge

A service charge is applicable in respect of this transaction. Further details are available on request.

Legal Costs

Each party to bear their own however the incoming tenant to also absorb the Landlord's reasonable legal fees.

Viewing

Strictly by prior appointment with sole letting agents Taylor Freeman Kataria.
Contact:

Mukund Kataria
Mkataria@cliffords-estates.co.uk

Rajiv Kataria

Rajiv@cliffords-estates.co.uk