168b Balgores Lane, Gidea Park, RM2 6BS

Description
The property comprises a new built ground floor retail unit. The property will include a rectangular open retail space with front shop window frontage and part window frontage. The property will be offered with capped off water, electricity, and drainage services ready for tenant fit out.

Location
The property is located on Balgores Lane on the corner with Fairholme Avenue in the Gidea Park area of Havering. Balgores Lane leads to Main Road (A118) which provides access to Romford town centre and Gallows Corner roundabout.

Gidea Park is an neighbourhood close to Romford. The property is located within the main retailing centre close to Gidea Park station. Nearby occupiers include Kervan Kitchen, T.A. Newman & Sons Funeral Directors, newsagents and various coffee and food uses.

Gidea Park station is located 100m away and Romford town centre / train station is approximately 1.5 mile east (both offering access to the Elizabeth Line). The A12 and M25 are within good access for routes around greater London and Essex.

Rateable Value
The property would need to be accessed for rating purposes. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.

Planning
The premises is a new build unit with a Class E planning use (Planning: 'Single storey side extension with Class E use' ref: P1412.24). nder the changes to the Use Class Order effective from 1st September 2020, we understand that these premises now benefit from an E class planning consent. This allows the premises to be used for the former A1 (retail), A2 (financial and professional), A3 (restaurant), B1 (offices), and D1 (clinics, health centre and day nursery) uses, without the need for a change of use. Interested parties are advised to satisfy themselves with Havering Planning Department that their use is acceptable under these new changes.

We advise a prospective tenant to make their own enquiries and take professional advice.

Lease Terms
Available to let by way of a new lease on terms to be agreed.

Rent Deposit
The landlord will seek a rent deposit to be held over the term of the lease.

Rent
£25,000 pa. We are informed VAT is NOT payable.

Identity Checks
In order to comply with Anti-Money Laundering Legislation, the successful tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested from the successful tenant.