Location

The property forms part of an established and popular industrial estate lying approximately 3 miles to the south of the A12. Chadwell Heath Train Station is only 1 mile away, providing a service to London (Liverpool Street) in approx. 25 minutes.

The property

A mid terrace unit at the front of the estate providing a ground floor space (unit G12) recently fitted out by our client to provide 5 separate commercial kitchens, let as below.

The first floor (G12a) provides open plan accommodation, accessed via an external staircase to the front and internal stairway to the rear. New toilet facilities have been constructed and LED lights installed. This space is also let as below.

Externally, four car parking spaces are located to the front.

Accommodation The approximate gross internal floor area is:

Ground floor                       2,455 sq ft            228 sq m

1st floor                               2,283 sq ft            212 sq m

Total                                  4,738 sq ft           440 sq m

Tenure

Freehold for sale, subject to the below.

Tenancy details

Kitchen 1 let on a 1-year lease from 17/7/23 at £16,800pa

Kitchen 2 let on a 2-year lease from 11/5/23 at £17,400pa

Kitchen 3 – currently vacant and being marketed

Kitchen 4 let on a 3-year lease from 22/1/22 at £19,200pa

Kitchen 5 – recently let at £19,200pa

1st floor let on a 5 year lease from 30/1/23 at £17,400pa

Interested parties are advised to check the current tenancy details.

The Landlord pays the building insurance, water and service charge for both floors. The Landlord pays the business rates on the ground floor, although, is in the process of reassessing so that each tenant pays their own rates.

The Landlord pays for the communal lighting, gas and rubbish collection in respect of the ground floor. All tenants pay for electricity and the 1st floor tenant pays its own rates and refuse collection.

Figures

On application.

Legal costs

Each party to responsible for their own legal costs.

Energy Performance Certificate

The EPC rating is D93.

Agent’s Note

All figures quoted are exclusive of VAT (if applicable)

No warranty is given in respect of the current planning use.

None of the amenities or fixtures and fittings have been tested.

Money Laundering Regulations

Due to recent money laundering regulations, all Tenants and Purchasers when making an offer on a property will need to provide a copy of their current Passport photo page and a recent Utility Bill confirming their current address.

Business Rates

The Rateable Value (2023) for G12 is £21,250pa and £20,000 in respect of G12a.

Enquiries/viewing

Please contact Branch Associates on 01708 860696 or jb@branchassociates.co.uk (Johnathan Branch)