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High Street, Waltham Cross
£150,000 Leasehold
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Location: Located on High Street, Waltham Cross benefiting from a high footfall and close proximity to the M25 and M11.
Description: The ground floor retail area is approximately 476 Square feet (42 Square metres) and the basement is approximately 546 square feet (47 Square metres). This provides an approximate total floor area of 1022 square feet (89 Square metres). The property benefits from a w/c, rear access and plumbing for a kitchen. There is a new 999 year lease, 10 year warranty, building control approval, electric shutters, alarm system and a prominent high street position. We have been informed that a tenant is due to take a 10 year FRI lease at £12,500 per annum plus VAT with a break clause at year 5 and a rent review at year 5.
Terms: The virtual freehold, 999 year lease, is available for £150,000. The property is VAT applicable.
Business Rates: The Borough of Broxbourne have informed us of the following; 2010 Rateable Value: £8,000 2010/11 UBR: 0.458 p/£ 2010/11 Rates Payable: £3,664 All interested parties are advised to verify these figures with the local rating authority.
Legal Costs: The ingoing Tenant is to be responsible for both parties reasonable legal costs
Viewings: Strictly through sole agents Clarke Hillyer on 020 8520 8411
Disclaimer Clarke Hillyer endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.