|Office / Retail
|824 sq ft
|£25,000 per annum
|£4,690.60 per annum The property may be eligible for small business rates relief, the inoging tenant is advised to enquire with the local authority.
|Energy Performance Rating
|This property has been graded as C (63)
Queens Market has been located in its current position since 1904 and serves the local community with a range of goods including fresh food produce, jewellery, clothing and locally manufactured goods. In total there are 72 retail units and kiosks as well as a number of pitches throughout the market. The retail unit has a desirable frontage that benefits from a large amount of the market's footfall. It benefits from strip LED lighting throughout the premises, has a rear entrance for alternative access and has A.C within the premises.
The accommodation comprises the following areas:
Green Street is a popular local shopping location with a multitude of specialist retailers as well as national multiples. The market is within 50 metres of Upton park Station which lies on the District and Hammersmith and City lines; it is one stop to West Ham on the Jubilee Line. Multiple local bus routes run along Green Street.
A new lease for a term to be agreed up to 10 years with a rolling landlord break from 1st January 2026 with 6 months prior notice. The property's rent is subject to 3 yearly rent reviews, the review will be based on the higher of the open market rent, or RPI uplift.
The ingoing tenant is to pay the Council's agency fees prior to completion at 10% of the agreed annual rent. This is subject to VAT and a minimum fee of £2,500. An undertaking will need to be entered into prior to the Council's solicitors forwarding lease documentation which currently equates to £1,804 plus £876 for a rent deposit deed, subject to confirmation.