Let agreed
Property available on: 18/07/2016
- Spacious - 655.44 sq. ft.
- Separate Storage Space
- High Footfall
- Prime Location
- 5 Minute Walk to South Woodford Station
- New Lease Offered
We are proud to present this highly visible A1 Usage Retail Business located on George Lane measuring over 600 sq. ft. (approx.). George Lane offers a vast amount of footfall and a steady stream of cars passing the property both during day and night. George Lane is home to a variety of banks, cafes, restaurants and multiple retailers such as Greggs, Boots and Marks and Spencer. Pay and display parking is available on the street and South Woodford Central Line Station is situated opposite the property. Access to the motorway network is via the M11 at the Waterworks Roundabout
This is a great opportunity to acquire this spacious A1 retail unit currently trading as a successful shoe shop. The property has generous storage space as well as a small separate back space. The property has potential to extend the shop floor space through the storage at the rear.
This is a lease assignment with a new lease being offered with the term open to negotiation. The rent for this property is £18,000. The seller is seeking a premium of £50,000
Accommodation
Shop Floor: (14.01 x 26.81) = 293.03 sq. ft.
Storage: (10.61 x 25.98) = 275.64 sq. ft.
Back Space: (9.62 x 9.02) = 86.77 sq. ft.
TOTAL - 655.44 sq. ft. (approx.)
Tenure
Open / Renewable Lease - £18,000
Our Client wishes to assign a new lease with the term to be negotiated
Premium
Our client seeks a premium of £50,000.
Legal fees
Incoming tenant to be responsible for their own, outgoing tenant's and landlord's legal fees.
Rates
We have been advised that the rates payable is £6,000 per year approximately. However, interested parties are encouraged to make their own enquiries with the local authority. Please note that there are various Business Rate Exemptions for small and new businesses with the Local Authority.
