Tranquil Vale, Blackheath, London, SE3

Let - £38,000 pa

Property photo

Shop

Description
A1 retail shop currently trading as Black Vanilla. The shop has been modernised by the current tenant to a high standard including exterior and interior redecoration new flooring, air conditioning, security system. There is also good size lower ground floor area currently used as office and storage use the upper floors comprises of a split level self contained two bedroom flat. Which we understand is currently held on a 12 month AST at £1550 pcm as from February 2016
Location
The property is located on Tranquil Vale near the junction of Montpelier vale pedestrian crossing. Blackheath Village is a vibrant shopping and eating location with several main stream retail and restaurants including Chapters, Costa Coffee, Jigsaw, and Cote. Blackheath mainline station is a few minutes' walk from the property giving access to London Bridge, Cannon St and Charing Cross. The Village is also well served by bus services to all surrounding areas in Greenwich, Lewisham, Eltham and the City.
Accommodation
Retail: Double bay fronted shop of approx 320 sqft door to Staff WC, door to rear service area.
Lower Ground Floor. Previously used as offices currently divided as Preparation room and storage /office. Approx 320 sqft. Overall.
Term
This is an assignment of an existing full repairing and insuring lease of 16 years as from September 2005, the lease has approx 5yrs and 5months remaining with a rent review due September 2017.
RENT: £ 38,000pa.
We understand VAT is not applicable.
PREMIUM: A premium is being sought of £30,000 to be paid by cleared funds upon signing of the lease.
Legal Costs: The ingoing tenant will be responsible for their own and the superior landlords reasonable costs to be agreed.
Note : the superior landlord will require the tenancy to be supported by a Guarantor for the agreed term.
Rates: All interested parties should make own enquires regarding business rates for 2016/17 via www.mybusinessrates.gov.uk
Viewing: all viewings will be conducted by a prior appointment with Heath Estates Commercial.

Available


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Branch Address
23 Montpelier Vale
Blackheath
London
SE3 0TJ
Contact
A: Heath Estates
T: 020 8463 9955
E: lettings@heathestates.uk
Reference: HEATH_001027
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further enquiries to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.