High Street, Wanstead, London

** ESTABLISHED TANNING BUSINESS FOR SALE ** - The premises are situated on Station Parade, which is opposite Snaresbrook Underground Station. Station Parade forms part of High Street, Wanstead, which is the main shopping area in Wanstead and comprises a number of restaurants, cafes and multiple retailers such as Tesco Express and Boots. The premises have been used as a tanning salon for many years. The upper parts are accessed internally and 2 of these rooms are currently rented out, although there are other rooms which could potentially be let out as well. At the rear of the premises is an area for parking. The accommodation totals approximately 1,389 sq ft. Please call CLARKE HILLYER on 020 8501 9220 for further information or to arrange an internal inspection.

Location
The premises are situated on Station Parade, which is opposite Snaresbrook Underground Station. Station Parade forms part of High Street, Wanstead, which is the main shopping area in Wanstead and comprises a number of restaurants, cafes and multiple retailers such as Tesco Express and Boots. Pay by phone parking is available on the street. Both Snaresbrook and Wanstead Stations are on the Central Line and provide a regular service into Central London and out to Epping. Access to the motorway network is via the M11 at the Waterworks roundabout.

Description
The premises have been used as a tanning salon for many years. The upper parts are accessed internally and 2 of these rooms are currently rented out. At the rear of the premises is an area for parking. The accommodation is more particularly described as follows and comprises the following approximate floor areas:
Ground Floor:
Sales Area: 545 sq ft (50.6 sq m)
Office/Treatment Room: 330 sq ft (30.7 sq m)
WC
First Floor:
Room 1: 68 sq ft (6.3 sq m)
Room 2: 147 sq ft (13.9 sq m)
Room 3: 159 sq ft (14.8 sq m)
Kitchenette: 111 sq ft (10.3 sq m)
Shower Room: 29 sq ft (2.7 sq m)
WC

Tenancy Details
The premises are held on a 20 year full repairing and insuring lease from May 2013 and the current rent is £24,500 per annum. There is a rent review and tenant-only break clause due in May 2028.

2 of the 1st floor rooms are currently let out at £750 per month inclusive each. There is another 1st floor room and a ground floor office/treatment room which could be let out for additional income.

Terms
The premises are available by way of assignment of the current lease. The outgoing tenant is seeking a premium for goodwill, fixtures, fittings and equipment, as well as the benefit of the rent currently and potentially obtained from the other rooms. Premium on application.

Business Rates
Redbridge Council have informed us of the following:
2026 Rateable Value: £27,500
2026/27 Retail, Hospitality, and Leisure UBR: 0.382 P/£
2026/27 Retail, Hospitality, and Leisure Rates Payable: £10,505
Interested parties are advised to confirm current rate liability with the Local Authority.

Legal Costs
To be covered by the ingoing tenant.

Viewings
The premises are available on a strictly confidential basis, so viewings must be organised via sole agents Clarke Hillyer, tel 0208 501 9220.

EPC
An Energy Performance Certificate has been ordered and will be available in due course.