Retail property (high street) to rent
Property description & features
Prominent retail unit on Chase Side. Excellently located in a prime location in Southgate adjacent to Tesco Express and within walking distance of the underground services and local bus services. Local businesses include Tesco, WH Smith, McDonalds and Pizza Express.
This retail unit consists of a main trading area together with a kitchenette, rear ancillary space currently used for storage, a shower, male/female w/c’s together with further storage space located at the rear of the shop. There is rear access to the car park behind for loading and unloading purposes only. There is pay and display street parking available on Chase Side.
Chase Side is a busy high street with large retailers such as WH Smith, Greggs, Tesco, HOB Salons, Pizza Express and McDonalds. The shop benefits from a large footfall, partly due to the excellent transport links (Southgate Underground station and bus stops opposite) and Asda supermarket at the end of Chase Side with a large car park.
Concrete floor covered with wood flooring. There is an air conditioning unit positioned within the premises. There are multiple electrical sockets throughout the unit.
The kitchenette includes a sink and various wall and base units The property is accessed via the front door directly off Chase Side.
Accommodation
(all sizes approximate)
Main Retail Area
Retail depth: 10.55m (34.6ft)
Retail Width: 5.37m (17.6 ft)
Area: 58.06m2 (624.95ft2)
Kitchenette
1.84m (6.03ft) x 2.61m (8.56ft)
Walk in Cupboard
1.2m (3.93ft) x 1.8m (5.9ft)
W/C’s
Separate Male & Female W/C’s
Shower Room.
Rear Storage Room1
5.82m (19.09ft) x 3.80m (12.46ft)
2.36m (7.74ft) x 3.70m (12.13ft)
Store Cupboard 2
0.9m (2.95ft) x 1.2m (3.93ft)
Net Internal Area
(Not including toilets or showers)
96.78m2 (1041.7ft2)
Terms
The unit is available to rent under a Full Repairing and Insuring Lease for a period to be agreed at an initial rental of £32,500 per annum exclusive.
Deposit
A deposit of three to six months rent will be required to be held for the duration of the lease by the landlord subject to the receipt of satisfactory references.
References
The incoming tenant will be required to provide satisfactory references from their accountant, solicitor and current/previous commercial landlord. Photographic identification and proof of address is also required.
Planning
The property falls within the London Borough of Enfield and can be used for purposes under the Use Class Order E. All tenants are to satisfy themselves with regard to the Use Class Order.
Business Rates
The rates payable for the year 2023/2024 are estimated to be £2,869.25. Rateable Value will be £23,000. All applicants are advised to discuss any business rates queries with the London Borough of Enfield. Please note the above figure includes a retail discount and assumes the premises are for retail use.
Service Charge
TBC
VAT
The property is elected for VAT and therefore will be chargeable on the rent and service charge.
EPC
D 84
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