|Property Type||Office, Retail|
|Size||875 sq ft|
|Rent||£10,000 per annum exclusive|
|Business Rates||£4,860.90 per annum (based on rateable value of £9,900). We believe this will benefit from exemption of business rates but we recommend any ingoing tenant make their own enquiries to the local authority for further confirmation.|
|Energy Performance Rating||This property has been graded as C (68)|
The premises are situated Pier Parade close to its junction with Pier Road. Pier Road links directly on to Albert Road, the A117 giving fast and easy access on to the A13 via Royal Docks Road. The immediate vicinity is densely populated with residential dwellings and the subject property is within a popular secondary parade which serves the local community’s needs with a Costcutter, Ladbrokes, pharmacy, bakery and post office.
The premises is within 2 minutes walk to King George V DLR station which provides access into Stratford and Canning Town at regular intervals.
|Ground floor retail/office area||875 sq ft|
A mid-terrace ground floor unit within a block owned by the London Borough of Newham with separate residential accommodation above. The premises would be suitable for A1/A2/B1 uses. Inside there is a WC and kitchen area with one large main room with 3 ancillary rooms. The property is in a reasonable condition and is available immediately.
A new full repairing and insuring lease is available for a term to be agreed outside the 1954 Landlord and Tenant Act.
The ingoing tenant to pay the Council’s surveyor’s fees prior to completion at 10% of rent (subject to a minimum of £1,750 + VAT). An undertaking will need to be entered into prior to the Council’s solicitors forwarding lease documentation.
Strictly by appointment through the sole agent.