Ground Floor Retail Premises located on High Street, Hornchurch - LET

Key Points

• Well positioned ground floor retail premises located on High Street, Hornchurch
• Current A1 Retail Use (now Class E) - may suit a range of retail/office uses
• Nearby occupiers include Starbucks, Costa, Holland & Barrett, Wenzel's, Boots, Subway, Sainsburys, Nandos, Natwest, etc
• Available on a new lease

Description

The available accommodation comprises of a ground floor retail premises within an established retailing area. The internal accommodation comprises of a regular shaped sales area, rear office, rear stores, and WCs. The property includes a large shop window frontage, spot lighting, inset lighting, vinyl flooring, and air conditioning. There is a rear servicing and loading area. The property benefits from electricity, water and drainage, but no gas.

Location

The property is located on a prime position on High Street in Hornchurch town centre. The property is located in a highly visible position where High Street meets North Street. Hornchurch is a popular suburban town in the London Borough of Havering.

The location is home to a number of well known national occupiers including Specsavers, Costa, Starbucks, Paddy Power, Boots, Cardzone, Sainsburys and various other national and local retailers. There are a number of council run car parks located nearby and bus routes on High Street to Upminster, Elm Park, Romford, Gidea Park, Rainham and other nearby localities.

Rating Assessment

Based on information obtained from the Valuation Office Agency websites the demise is rated as follows:-

Address: 137 High Street, Hornchurch, RM11 3YD
Description: Shop and premises
Rateable Value: £24,000

Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.

Planning

The premises are understood to have A1 consent. Under 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 the London Borough of Havering planning authority that their use is acceptable under these new changes.

Please note the landlord does not wish to allow food/cafe/restaurant/takeaway uses.

Lease Terms

The property is available on a new lease with the tenant responsible for repair, decoration, property insurance premium, service charge, rates and utility charges.

Please note the landlord does not wish to allow food/cafe/restaurant/takeaway uses.

Rent

£25,750 per annum. VAT is NOT payable on the rent.