Retail premises for sale in Chingford Mount Road, London E4

Key Points

Description

The property comprises of a modern fitted out ground floor supermarket with access to the front as well as delivery access from Normanshire Drive. The unit benefits from both retail frontages to both highways.

Viewings

Strictly by appointment only with Landlords sole agents

Location

The subject property is located in Chingford which forms part of the London Borough of Waltham Forest situated 8.6 miles north east of Central London. The premises are situated on the east side of Chingford Mount Road (A112) with its junction to Normanshire Drive. The (A112) runs in a southerly direction connecting with the orbital A406 and in a northerly direction intersects with the A1009 and heading beyond to lead to the M25. The surrounding area is mixed use with a variety of housing and flats including the A112 populated with local high street shops, banks and restaurants. Higham's Park Railway Station is approximately 1.4 miles to the south east with regular services to London Liverpool Street. Bus stops are situated outside the shops with regular services to Chingford to the north and Blackhorse Road and Walthamstow Stations to the south.

Tenure

The unit is being sold on a new 999-year lease subject to a peppercorn rent and benefiting from a 20 year sublease let on the following terms:

Tenant: Abdullah Dari
Lease: Fri lease, effective from December 2016,5 yearly reviews, 20 year term, within lta 1954
Rent: £70,000 pax
Use: Class E supermarket
Deposit: £17,449

Legal Costs

Each party to bear their own legal costs incurred in this transaction. The prospective tenant is required to give an undertaking through their solicitors prior to the commencement of legal formalities for any abortive legal costs should they withdraw from the transaction.