Thinking of buying or selling call 020 8599 9911

   

RENEWABLE LEASE FOR SALE AT ATTRACTIVE RENT

84 JACK CORNWELL STREET, LONDON, E12 5FB

562 sq.ft ( 52.21 m2  )

Key Features

•  Electric Roller Shutters
•  Rear Access and Loading
•  Weekly Gross Turnover £2,000 - £2,500
•  Rates Exempt

Location

The premises is located on Jack Cornwell Street along a small parade of shops to include Ladbrokes and Post Office. Romford Road A118 is to the north of the property (appx 0.2 miles) and provides direct access to the A406 North Circular Road. With regard to public transportation, Ilford Station serves as the closes Railway Station and can be reached in approximately 15 minutes by walk via Romford Road and Ilford Hill. From here frequent journeys are serviced to Stratford and Liverpool Street Station. The stop also forms part of the new Crossrail Scheme. On-street parking can be found immediately outside the property.

Accommodation

Retail unit with storage, kitchen, WC's, rear access and loading area. Approximate areas and dimensions are as follows:
Retail Width11' 10" ( 3.61 m)
Build Depth20' 3" ( 6.17 m)
Sales Area532 sq.ft ( 49.42 m2  )
Kitchen30 sq.ft ( 2.79 m2  )
Total562 sq.ft ( 52.21 m2  )

Lease Terms

The premises is offered by way of an assignment of the existing lease which is understood to be renewable i.e inside the provisions of the Landlord and Tenant Act 1954 governing Security of Tenure. The incoming tenant will also enjoy a tenant break clause effective in 2021.

Rent

£10,800 inclusive of business rates and all other outgoings, payable quarterly in advance on the usual quarter days.

Rates

Rateable Value£7,600
UBR47.5p
Rates Payable£3,610
Interested parties are advised to verify these figures and check whether they qualify for Small Business Rates Relief or exemption of rates with The London Borough of Newham Council on 020 8430 3250.

VAT

Value Added Tax may be applicable in respect of this property. Further details are available on request.

Service Charge

A service charge may be applicable in respect of this property

Legal Costs

Each party to bear their own legal costs however the incoming tenant is to absorb the landlord's legal fees should they withdraw from the transaction.

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

GET IN TOUCH

TFK 306, Green Lane, Ilford IG1
020 8599 9911

BUSINESS HOURS

MONDAY - FRIDAY 9:00 a.m. – 5:00 p.m.
SATURDAY & SUNDAY CLOSED

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