Property description

This is a great opportunity to acquire an excellent shop located on the popular Ilford Lane, previously trading as a ‘Café and Coffee shop’. This is a very popular residential and commercial area with major shopping facilities along the High Road and within the Exchange Mall Shopping Centre, where multiple retailers include Marks and Spencer, TK Maxx and Debenhams and Sainsbury very close by.

This commercial site consists of a large ground floor space. The ground floor benefits are a large glass front, large counter area with fridge freezer, fixtures and fittings throughout, toilet, ample storage rooms, a large external garden/lounge area at the back, parking at the front and back access.

Accommodation
Ground floor shop:
Width/Frontage: 18\" approx
Depth: 35\" approx
Total ground floor shop size: 595sqft approx

External garden lounge:
Width: 18\" approx
Depth: 29\" approx
Total external garden lounge size: 520sqft approx

Total accommodation size: 1,115sqft approx.

Tenure
Leasehold/Lease Assignment - £18,500 per annum.
Our client wishes to assign the lease which has 2 years remaining (renewable lease).

Premium
£25,000 for Goodwill, Fixtures/Fittings and Equipment.  

Legal fees

The incoming buyer/tenant is responsible for all legal costs.

Rates

We have been advised that the rates payable are £3500 per year. However, interested parties are encouraged to make their own enquiries with the Local Authority and apply for business rates relief.

Viewings
By Prior Appointment through agents Ranson UK LTD.

Alternatively, you can call the Property Manager directly on 0207 538 4057 or 07415 863 800.

Property Features :

• Newly refurbished
• Fully fitted cafe with 30 covers
• Located on Popular High Street
• Large external summer lounge/previously used for shisha smokers
• Over 1,100sqft