Retail in London

Location

The property is situated on Peckham High Street (A202) almost opposite to the busy junction and shopping area of Rye Lane. The property is prominently situated benefitting from a high passing footfall with neighbouring retailers including Burger King, Greggs, Subway and Ladbrokes.
Peckham Rye railway station is within walking distance which provides regular services into Central London. The station will benefit from the planned extension of the East London Line by late 2012 connecting east to west inner South London from Surrey Quays to Clapham Junction. Peckham Library, Camberwell College of Arts and Harris Academy are all located within walking distance with the area well served by buses.

Description

Prominent Shop Premises

Accommodation

Description
The property comprises a large retail unit with open plan retail area, rear WC, kitchen and basement. The basement includes full head height and was previously used as further sales area. There are two staircases leading to the basement, one of which is situated in the front retail area and one at the rear of the property. The property is protected by electric metal security shutters.
Accommodation
The property has the following approximate net internal areas:
Ground Floor Retail Area 99.54 sq. m. (1,071 sq. ft.)
Ground Floor Rear Store/Kitchen 13.15 sq. m. ( 142 sq. ft.)
WC
Basement 86.36 sq. m. ( 929 sq. ft.)
Total 199.05 sq. m. (2,142 sq. ft.)
Terms
The property is to be let on a new full repairing and insuring lease for a term to be agreed.
Rates
The property is entered in the 2010 rating list with a rateable value of £18,500. The Standard Business Rates Multiplier for 2012/13 is 45.8p in the £. For further information on business rates including relief which could be applicable, visit www.mybusinessrates.gov.uk.

Planning
We understand that the property has A1 planning consent. However, the tenant must make their own enquiries of the Planning Authority to ensure that their proposed use is permissible prior to entering into any form of contract.
Rent
£32,500 per annum exclusive.
Legal Costs
Each party to be responsible for their own legal costs.
VAT
Please note that VAT will not be chargeable.
Viewing
Strictly by prior arrangement with sole agents Hindwoods.