Property description

Corner shisha place on busy parade of shops-TO LET / LEASE ASSIGNMENT

Description
This is an excellent opportunity to acquire a running shisha lounge positioned on a busy parade of shops. The shisha place is in immaculate condition and consists of a large ground floor, outside seating area, storage room and toilets. The unit benefits from new furniture, modern interior, marble flooring, pool table and one parking space. This unit presents an excellent opportunity for someone who wants to take over this running business. Otherwise, it is suitable for a variety of A1 retailers.

The property is located few doors away from Papa Jones and opposite Galaxy gym. Closest stations are Ilford and Seven Kings (National rail) providing excellent connection to the rest of the network. The area is well served by the local buses and can easily accessible by car via A118 and A1083.

Accommodation
Ground floor:
Width/Frontage: 22” approx
Depth: 44 “approx
Ground floor size: 968sqft approx

Total accommodation size: 968sqft approx

Lease Term/Commencement
Our client wishes to assign the lease which has 11 years remaining. We have been advised that the rent reviews are every 4 years.

Rent
£16,000 per annum.

Premium
£90,000 New Premium: £50,000

Legal Fees/Cost
Incoming party is to bear all legal cost

VAT
This property is not elected for VAT.

Rates
We are advised by our client that the business rates currently payable are NIL however all interested parties are encouraged to make their own enquiries with London Borough of Redbridge.

Viewings
By prior appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057

Disclaimer
Ranson UK Limited their clients and any joint agents give notice that:
1. They have no authority to make or give any representations orwarranties in relation to the property. These particulars do not formpart of any offer or contract and must not be relied upon as statementsor representations of fact.

2. Any areas, measurements or distances are approximate. The text,photographs and plans are for guidance only and are not necessarilycomprehensive. It should not be assumed that the property has allnecessary planning, building regulation or other consents and Ranson UKLimited have not tested any services, equipment or facilities.Purchasers must satisfy themselves by inspection or otherwise.

     

    

        

Property Features :

• Busy parade of shops
• Immaculate condition
• Outside seating
• New furniture
• Parking