Property Information

A lock up shop with A1 retail use currently trading as a travel agent. The current occupiers have retained many of the buildings original features and sympathetically refitted the retail area for their requirements. There is a good size basement which is currently used as an office. The upper parts comprise a self contained two bedroom split level apartment accessed from the rear. It is currently let on an informal agreement at £1,000 per calendar month. In our opinion if terms were to be formalised by way of an assured shorthold tenancy an income in the order of £1,250 per calendar month could be achieved. Accommodation Ground Floor Retail 29.10 sq m (313 sq ft) Changing room WC Basement Office 29.15 sq m (313 sq ft) First Floor Reception, kitchen, bathroom/WC Second Floor Bedroom 1, Bedroom 2

Terms This is an assignment of an existing full repairing and insuring lease for a term of 16 years. The lease has approximately 11 years to run and incorporates four yearly rent reviews. Planning The tenant must make their own enquiries to the Planning Authority to ensure that their proposed use is permissible prior to entering into any form of contract. Legal Costs Each party to bear their own legal costs. VAT Please note that VAT may be chargeable. Rates The rateable value for the retail element is £19,250. The Standard Business Rates Multiplier for 2010/11 is 41.4p in the £. For further information on business rates including relief which could be applicable, visit www.mybusinessrates.gov.uk. Viewing Staff are unaware that the property is to be let so viewings are strictly by prior arrangement with joint sole agents: Hindwoods - 020 8858 9303 John Payne Commercial - 020 8852 6125