LEASE FOR ASSIGNMENT – NO PREMIUM
Rare Opportunity to Acquire Desirable Lease. No premium required. A1/A2 Lease For Assignment in Ealing W5. The property is prominently located on the West side of St Mary’s Road, in a fashionable and affluent residential area which benefits from good footfall and visibility in an established parade. The area is served by local shops, businesses and pubs etc, including the renowned Ealing Studios, The Red Lion Public House, Abbotshill Wine Bar and Deli (adjacent), and popular Pizzeria Santa Maria and Butlers Thai Restaurant. The University of West London and vibrant Ealing Green are nearby. Ealing Broadway with its many shops, restaurants and bars, plus Ealing Broadway Shopping Centre and Dickens Yard are all within easy walking distance. Ealing Broadway Underground (Central and District) and British Rail Station is a 10 minute walk away and Crossrail will connect Ealing to the West End and Canary Wharf in 11 minutes & 25 minutes respectively. South Ealing Underground (Piccadilly) is also within easy walking distance. Main bus routes pass the property.
- A1 & A2 Use
- Excellent Natural Light
- Generous Floor to Ceiling Height
- Good Visibility in an Established Parade
- Excellent Public Transport Facilities
A1 & A2 Shop Unit, trading as a coffee shop and bakery. A new shop front has recently been installed, the premises have been fitted out and tastefully decorated to a high standard and comprise a gross internal area of approximately 700 sq ft (65.03 sq m), arranged over the ground floor, including kitchen, storage and WC.
Subject to Contract, the premises are available by way of an assignment of an effective full repairing and insuring lease for a term of 12 years from 11th May 2017, within the Security of Tenure provisions of the Landlord and Tenant Act 1954, Part II (as amended). The rent is £24,000 per annum exclusive of rates, VAT and all other outgoings, subject to rent reviews at the end of the 4th and 8th years of the term on an upwards only basis.
The lease permits the property to be used by Paperback Ink Ltd, the current tenant, as a coffee shop and vegetarian bakery with baking on the premises and any other use within Class A1 and A2.
Rent is not subject to VAT.
No premium is required for the benefit of the lease.
The Rateable Value is £12,750. The Business Rates Payable for 2019/20 is £6,260. Interested parties are advised to make their own enquiries to include in relation to their eligibility for Small Business Rate Relief and also the temporary Retail Discount scheme with the London Borough of Ealing. Tel: 020 8825 7020. (From 1st April 2020 until 31st March 2021 no Business Rates are payable on the property. Interested parties are advised to confirm the position with London Borough of Ealing).
Assignor’s (current tenant) legal costs to be borne by the assignee (incoming tenant).
ENERGY PERFORMANCE CERTIFICATE (EPC)
The premises have an Energy Rating of C69. An EPC can be downloaded from this web page.