reduced premium to let AWS
REDUCED PREMIUM TO LET A1 RETAIL UNIT OVER GROUND AND BASEMENT FLOORS IN THE HEART OF VICTORIA PARK VILLAGE 243 VICTORIA PARK ROAD, LONDON, E9 7HD 1,046 SQ. FT (97.2 SQ. M)
LOCATION The property is situated on the corner of a parade of boutique style shops mainly with residential upper parts on the northern side of Victoria Park Road at its junction with Banbury Road in the heart of Victoria Park Village. The surrounding area is mixed use in character and has become very popular in recent years with the resurgence and current redevelopment within the area. Mile End Underground Station (Central, District, Hammersmith & City Lines) is approximately 1 mile south of the subject property with Homerton Railway Station (National Rail) approximately 1 mile north of the subject property. There are numerous bus routes into The City and West End. DESCRIPTION Character premises providing open plan ground floor retail space and basement storage within an end of terrace period building. The space benefits from a single glazed shopfront, manual shutter, wood flooring, spotlights and WC facility. ACCOMMODATION From measurements based on floor plans provided we have calculated the approximate net internal area of the premises is as follows: FLOOR
SQ. FT
SQ. M
Ground Floor
465
43.2
Basement
581
54.0
1,046
97.2
TOTAL
TERMS An assignment of a full repairing and insuring lease due to expire 18th February 2020 and contracted within the Landlord & Tenant Act 1954. There are no further rent reviews or break clause in place.
RENTAL The current passing rental is £14,500 per annum exclusive of business rates and service charge. VAT is not payable on this property. PREMIUM A premium of £15,000 is required for the benefit of the lease. BUSINESS RATES We understand the current rateable value of the space as quoted on the VOA is £9,600. All interested parties are advised to confirm the current rates payable with the Local Authority. SERVICE CHARGE To be advised. ENERGY PERFORMANCE CERTIFICATE Energy Performance Asset Rating – D LEGAL COSTS Each party to bear their own legal costs in this transaction. VIEWING Strictly by appointment with sole agents: Currell Commercial Ltd Jon Morell DDI – 020 7096 2785 Email – [email protected] Dean Marks DDI – 020 7096 2780 Email – [email protected] Beverley Hedge DDI – 020 7704 7514 Email – [email protected] Ref: COM170126 For more information on our properties please visit our website – www.currell.com/commercial
Important Notice: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, equipment or facilities are in good working order. 3. Whilst all information contained in these particulars whether in the text, plans or photographs is given in good faith, intending purchases must make their own enquiries as to the accuracy of all matters upon which they intend to rely. 4. Value Added Tax - All rents, premiums, prices or other financial arrangements and charges stated are exclusive of Value Added Tax. Currell Commercial Ltd. Registered in England No 3905752. Registered Office: 9 Bonhill Street, London EC2A 4DJ
LOCATION The property is situated on the corner of a parade of boutique style shops mainly with residential upper parts on the northern side of Victoria Park Road at its junction with Banbury Road in the heart of Victoria Park Village. The surrounding area is mixed use in character and has become very popular in recent years with the resurgence and current redevelopment within the area. Mile End Underground Station (Central, District, Hammersmith & City Lines) is approximately 1 mile south of the subject property with Homerton Railway Station (National Rail) approximately 1 mile north of the subject property. There are numerous bus routes into The City and West End. DESCRIPTION Character premises providing open plan ground floor retail space and basement storage within an end of terrace period building. The space benefits from a single glazed shopfront, manual shutter, wood flooring, spotlights and WC facility. ACCOMMODATION From measurements based on floor plans provided we have calculated the approximate net internal area of the premises is as follows: FLOOR
SQ. FT
SQ. M
Ground Floor
465
43.2
Basement
581
54.0
1,046
97.2
TOTAL
TERMS An assignment of a full repairing and insuring lease due to expire 18th February 2020 and contracted within the Landlord & Tenant Act 1954. There are no further rent reviews or break clause in place.
RENTAL The current passing rental is £14,500 per annum exclusive of business rates and service charge. VAT is not payable on this property. PREMIUM A premium of £15,000 is required for the benefit of the lease. BUSINESS RATES We understand the current rateable value of the space as quoted on the VOA is £9,600. All interested parties are advised to confirm the current rates payable with the Local Authority. SERVICE CHARGE To be advised. ENERGY PERFORMANCE CERTIFICATE Energy Performance Asset Rating – D LEGAL COSTS Each party to bear their own legal costs in this transaction. VIEWING Strictly by appointment with sole agents: Currell Commercial Ltd Jon Morell DDI – 020 7096 2785 Email – [email protected] Dean Marks DDI – 020 7096 2780 Email – [email protected] Beverley Hedge DDI – 020 7704 7514 Email – [email protected] Ref: COM170126 For more information on our properties please visit our website – www.currell.com/commercial
Important Notice: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, equipment or facilities are in good working order. 3. Whilst all information contained in these particulars whether in the text, plans or photographs is given in good faith, intending purchases must make their own enquiries as to the accuracy of all matters upon which they intend to rely. 4. Value Added Tax - All rents, premiums, prices or other financial arrangements and charges stated are exclusive of Value Added Tax. Currell Commercial Ltd. Registered in England No 3905752. Registered Office: 9 Bonhill Street, London EC2A 4DJ
