High Road, Ilford


The property is situated on High Road Goodmayes within approximately 50 yards of junction of Barley Lane and Goodmayes Road. Occupiers are mainly of a localised nature however Tesco, Ladbrokes and Safestore are represented close by. Goodmayes Main Line Station is within a few minutes walk from the property with the new Cross Rail link accessible from Winter 2020. Comprising shop front premises with Class E use laid-out to provide a sales area within which a partition has been created to provide a private room. To the rear there are WC and Kitchen facilities. Externally there is a shared yard which in common with your other tenant’s, provides pedestrian only access leading onto a service road. Approximate areas and dimensions are as follows: Shop Depth: 41' 6" (12.64m) Shop Width: 14' 9" (4.49m) Sales Area: 616 sq ft (57.28 sq m) Kitchen: 51 sq ft (4.74 sq m) Other Details Accommodation LOCK UP SHOP - TO LET ANNUAL LICENCE OR 3 YEAR LEASE AVAILABLE Lease The property is to be made available by way of an Annual Licence Agreement. Alternatively a new FRI Lease can be made available for a term of 3 years, granted outside the provisions of the Landlord & Tenant Act & subject to a Landlord option to Break at the end of the 2nd year subject to serving 6 months prior written Notice. Rent £12,500 pax paid quarterly in advance. Rates Rateable Value 2018/2019: £8100 Rates payale 2019/2020: £4,041.90 Retail & Leisure premises - no rates are payable until 31/3/22 at the earliest regardless of the RV. If occupying a single property only, with an RV up to £12,000 the Rates exemption is extended until 31/3/22 at the earliest. Legal Costs Both parties reasonable legal costs incurred in this transaction are to be borne by the ingoing Tenant. Possession Immediate upon completion of legal formalities


Similar Properties

High Road, Goodmayes

High Road, Goodmayes
£12,000 PCM