Retail premises to let in Ground Floor And Rear Land, 126 Central Road, Worcester Park KT4

Key Points

Description

The property comprises of a self-contained retail unit on the ground floor, with land to the rear which has a site area of approximately 0.063 acres.

There is front and rear access (from the land to the rear) for the ground floor retail unit.

Location

The property is located on the busy Central Road high street in Worcester Park, which is located approximately 0.4 miles away from Worcester Park Train Station and 1.8 miles away from the A3.

Viewings

All viewings are to be arranged in advance with the letting agent (Curchod & Co).

Terms

Available on a new effective full repairing and insuring lease, subject to a surrender of the existing leases being agreed and subject to vacant possession or an assignment of the current Ground Floor and rear land lease would be considered, subject to landlord approval and the tenant meeting all their lease obligations. Further lease documentation can be provided upon request.

Anti-Money Laundering

To comply with Anti Money Laundering regulations, Curchod & Co undertake id checks for all successful purchasers and tenants where legislation requires us to do so.

Tenancy Information

The property consists of a ground floor retail unit which is currently let on a 10-year lease term from 25th March 2022, at a rent of £16,500 per annum exclusive. This lease is inside the security of tenure provisions within the Landlord and Tenant Act 1954. The use is a Florist within Use Class E (a) or for such other trade of business within Use Class E (c) subject to the Landlord consent, not to be unreasonably withheld or delayed. There is an upwards only rent review and a tenant only break option at the 5th year anniversary of the lease commencement date.

To the rear of the retail unit there is a lease for the land in the rear of 126 Central Road, Worcester Park which is let to the Ground Floor Tenant on a 10-year lease term from 25th March 2022 at a peppercorn rent. This lease is outside the security of tenure provisions within the Landlord and Tenant Act 1954. The site area is approximately 0.063 acres. There is a landlord break at any time during the lease term, subject to giving the Tenant not less than three months’ notice in writing.

Further lease documentation can be provided upon request.