Garrison Property are delighted to offer this A1 shop for rent in Bow. The unit is a ground floor self-contained space that can be used as a shop or office if required. (Ingoing tenants will need to make their own enquiries in relation to change of use) The shop is approximately 430 sq ft/40 sq m.
The premises are located on the popular and vibrant Old Ford Road in Bow with good footfall. Its is situated close to Victoria Park and the Olympic Park in Stratford. Numerous bus routes service the area and Bow Road and Mile End underground stations are in close proximity. You will also find plenty of other commercial units, amenities and recreational pursuits locally within the area of Bow.
Rent: £14,500 pa payable quarterly in advance on usual quarter days on 25 March, 24 June, 29 September and 25 December. (The rent may increase if the ingoing tenant requires flexible or more favourable lease terms with breaks etc)
Rent review: Rent review upward only every three years of the term to open market rent subject to a minimum or default increase equivalent to 6% a year (compounded). First rent payable from completion to the second quarter rent occurring and subsequent rent quarterly by standing order.
Lease term: Negotiable - Suggested term from 3 to 15 years' lease
Rateable value: We have been advised that the rateable value is £9,600 and that ingoing tenants will need to make their own enquiries to the amount payable
Approx size: 430 sq ft/40 sq m
Deposit: Two Quarters Rent payable at which is refundable at the end of the term if tenant's covenants complied with (eg: No rent arrears and premises left in good condition consistent with the lease obligations).
Legal fees: Tenant to pay £500 as a non-refundable contribution toward Landlord's legal costs prior to and for preparing a draft lease.
Viewing: Please contact Garrison Property to arrange a viewing
*Rental/buyers fees applicable
Garrison Property endeavours to maintain accurate depictions of its properties in descriptions, however, these are intended only as a guide. These particulars do not constitute or form part of any offer or contract, nor may they be regarded as representations. All interested parties must verify their accuracy.Whilst every effort has been made to ensure accuracy this cannot be guaranteed.
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Property descriptions and related information displayed on this page are marketing materials provided by Garrison Property. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Garrison Property for full details and further information.