Brook Parade High Rd 727 SF of Assignment Available in Chigwell IG7 6PE
ASSIGNMENT HIGHLIGHTS
- Located in primary retail district of Chigwell
- Served by local bus route
- Chigwell Underground Station is moments away
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 727 SF | Jun 2029 | $48,175 CAD/YR | TBD |
Ground
Available accommodation comprises of a ground floor commercial unit with rear garden/parking area. The unit has been trading as a health food and wellness store serving the local community for over 40 years. The suite is essentially open plan WC, kitchenette and stores. The unit is in good decorative order with an approximate Gross Internal Floor area (GIA) of 727 sq.ft. (67.54 sq.m.)*. Tenure Leasehold. An assignment of our clients 20 year lease to expire 22 June 2029 without further review at the current passing rental of £26,000 per annum is available. The lease is contracted inside of the 1954 L & T Act. A new lease may be available from the Freeholder on terms to be agreed subject to covenant. We understand the premises benefit from existing use Class E and understand alternative classes including takeaway would be considered.
- Use Class: E
- Assignment space available from current tenant
- Located in-line with other retail
- Private Restrooms
- Rear garden/ parking area
- Assignment of 20 year lease
- Benefits from Class E use
- Immediately available
PROPERTY FACTS
| Total Space Available | 727 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 1,014 SF |
| Year Built | 1952 |
ABOUT THE PROPERTY
The building is located within Brook Parade being the primary retail district of Chigwell. The parade comprises of 23 mainly retail units with two storey residential accommodation above. The parade boasts an eclectic mix of boutique retailers, coffee shops and restaurants. It is worth noting that the new landmark residential lead development comprising of 37 new build residential apartments with a Coop supermarket on the ground floor is currently under construction. Chigwell Underground Station (Zone 4 Central Line) is moments away providing quick and direct access to the City and West End with the following approximate journey times:* Liverpool Street – 29 minutes Oxford Circus – 39 minutes Additionally, bus route 167 Hainault Street to Loughton Station serves the area.
