Executive Summary
- Former restaurant on Old Church Road (A112), Chingford.
- Approximately 937 square feet (87.08 square metres).
- Available with a new lease and no premium.
- Suitable for a range of uses.
- EPC Rating - E.
Location
The property is located on Old Church Road (A112) close to the junction with Mount Avenue. It is located 0.9 miles northeast of the North Circular (A406) which provides easy access to the M11, A12 and A10. Highams Park Overground Station is located to the east 1.6 miles away (21 minutes to Liverpool Street station). The area is well served by buses. Nearby occupiers include Ladbrokes, Card Factory, Boots, Sainsbury’s, Costa Coffee, Timpsons and Barclays Bank.
Please note all times and distances given are approximate only.
Description
A ground-floor commercial unit most recently occupied by a restaurant operator. The property measures 937 square feet (87.08 square metres) and benefits from Class E planning consent. It would be suitable for a range of uses subject to obtaining the appropriate consents. The unit benefits from a commercial kitchen area, customer toilets, rear access, and electric shutters.
Please note that the sizes given are approximate only and provided by the VOA. All interested parties are advised to rely on their own inspection and survey.
Business Rates
2017 Ratable Value: £13,500
UBR (2021/22): 49.9p/£
Rates Payable: £6,736.50
These figures have been provided by the VOA. The tenant might be able to benefit from small business rates relief. All interested parties are advised to make their own enquiries to confirm the accuracy of these figures with the London Borough of Waltham Forest business rates department.
Terms
The property is available with a new FRI lease at £18,250 per annum exclusive, with further terms to be agreed. All negotiations are strictly subject to contract.