Forest Gate, E7

Tenure: Leasehold.

Lease remaining (For Leasehold tenure): 9 (in years).

LOCATION:

 

The premises are located on Romford Road, Forest Gate London & Close to Woodgrange Park Overground station. This location presents a high footfall and is within walking distance of transport links and close to local businesses drawing in a higher footfall.

 

 

 

DESCRIPTION:

 

Single fronted shop unit with retails space, 2 storage room, kitchen & toilet area, access to yard and exterior storage.

 

 

 

USES:

 

Class E

 

 

 

PREMIUM:

 

£80,000 for the benefit of the lease, fixtures & fittings.

 

 

 

RENTAL:

 

£27,000 per annum that includes the 2-bedroom upper parts which is rented at £1800 per month with a yearly income of £21,600 which covers 80% of the rent in total

 

 

 

TERMS:

 

9 Years renewable lease

 

 

 

BUSINESS RATES:

 

None

 

 

 

SIZE:

 

Approximately 581 sq ft shop front 250 sq ft storage

 

 

 

STAFF:

 

Owner managed

 

 

 

UPPER PARTS:

 

2 Bedroom upper parts which are rented at £1800 per month with  a yearly income of £21,600 which covers 80% of the rent in total

 

 

 

LEGAL COST:

 

To be confirmed

 

 

 

LOCAL AUTHORITY:

 

Newham

 

 

 

ENERGY PERFORMANCE CERTIFICATE:

 

Energy Performance Asset Rating is 100 Rating. D copy of this property’s energy performance certificate is available on request

 

 

 

REFERENCE CHARGE:

 

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is nonrefundable after the references have been taken up, whether they are accepted or not by the Landlord.

 

 

 

 

 

HOLDING DEPOSIT:

 

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

 

 

 

 

 

FIXTURE & FITTINGS:

 

Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

 

 

 

 

 

AGENT NOTE:

 

London Properties for themselves for Lessors, Vendors and their agents, give notice that:-  

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.  

2. These details do not constitute any part of an offer or contract.  

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.  

4. All rent prices, fees and charges are quoted exclusive of VAT

 

 

 

 

 

VIEWINGS:

 

Through London Properties by appointment only