Raven Road, London, E18

LOCATION:
The property is located on the popular Raven Road Industrial Estate, situated adjacent to "Charlie Browns" Roundabout. Road communications are good, with access to the motorway network being provided via the A406 North Circular Road and Junction 4 of the M11 Motorway. South Woodford (Central line) Underground station is within walking distance, with numerous bus routes also being locally accessible.

ACCOMMODATION:
Externally, elevations are of solid loadbearing brickwork. The roof to the main warehouse is duo pitched and having been recently replaced. Internally, the main area is laid out to comprise warehouse / Industrial space with a height of 2.83m to the underside of the truss. Towards the left-hand side there are some partitioned offices & at the front, storage, kitchen and allocated male and female WCs. There is further office/storage space at first floor level. Externally there is parking for approx. 6 cars in a small secure yard & also loading for deliveries / parking for an additional 2 cars.

Approximate floor areas & dimensions are as follows:
Ground Floor: 7,307 sq. ft. (679 m²)
First Floor: 427 sq. ft. (40 m²)
Total: 7,734 sq. ft. (718 m²)

LEASE:
The property is to be made available on a new FRI Lease for a term to be agreed, subject to periodic upward only rent reviews, drawn outside the provisions of the Landlord & Tenant Act.

RENT:
£115,000pax paid quarterly in advance. VAT is applicable at the prevailing rate.

RATES:
From enquiries made of the VOA, we are advised that the property has a rateable value of £47,500. Interested parties are advised to make their own enquiries of the London Borough of Redbridge.

EPC:
The unit has a Band D EPC Rating.

LEGAL COSTS:
Each party to bear their own legal costs incurred in this transaction.

ADMINISTRATIVE FEE:
Upon terms being agreed and prior to Solicitors being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.