George Lane, South Woodford

A Commercial Let Agreed in London

£1,167 PCM

  • CCTV, Alarm System
  • Situated in the heart of South Woodford on George Lane West offering huge foot fall both and night with numerous independent and multi nationals. South Woodford underground and Snaresbrook Station are
A well established A1 retail shop comprising large Retail area with additional store room, staff room along with separate store room to the rear. Currently Running as a gift and homework shop.
ACCOMMODATION:The following are approximate Gross Internal Areas in accordance to PMA 1991
Shop Floor - 441 sq ftOffice/Store/Staff Room - 145 sq ftSeparate Rear Store Room - 192 sq ftTOTAL GIA 778 sq ft
TERMS:Assignment of Existing Lease.3 Years Remaining On Renewable Lease from February 2020£25,000 Premium To Include Fixtures Good Will And Stock (At Market Valuation)Turnover £1,500 per week
RENT:£14,000 (plus VAT) Per Annum*£25,000 Premium Sought To Include Fix, Fits Goodwill And Stock.
RATES:According to The Valuation Office website the current rateable value is £16,500.
LEGAL COSTS:Ingoing tenant to pay all legal costs.
* - There has been a rent review and the new rent will increase to £16,000 (plus VAT) PA