Chingford Mount Road, London, E4

Description.
Comprising a detached single storey brick built commercial unit of approximately 1,096sq ft (101.82sq m). The premises have historically been used for storage and would suit a variety of occupiers. The building benefits from gated access off a service road approached from Albert Road & has parking for 2 cars immediately outside the unit. There are no toilet facilities or water connected to the unit.

Lease.
The unit is available on a one-year Lease and will be contracted outside of the Landlord and Tenant Act 1954.

Rent.
£12,000pax paid quarterly in advance. We understand VAT is not applicable.

Business Rates.
Rateable Value 2024/2025: £15,500
Rates Payable 2024/2025: £7,485 per annum

Office / Industrial premises - For qualifying businesses, Business Rates are not payable on properties with a Rateable Value up to £12,000. From £12,001 to £15,000 there is tapered relief. If a company occupies a second property where the RV is over £12,001 then relief is lost on the first property although the benefit may remain for a short period. It is a tenant's responsibility to make their own enquires & satisfy themselves whether they are eligible for rate relief in part or whole.

Legal Costs.
The ingoing Tenant is to be responsible for both parties' reasonable legal costs.

Possession.
Immediate upon completion of legalities.