LEASEHOLD INTEREST

The property comprises of a two floor former banking premises, with a traditional banking hall at ground floor. The first floor comprises a staff room, ancillary and meeting rooms. Tenure The property is held on an existing FRI lease due to expire 20/12/2022, at a passing rent of £18,500 per annum exclusive. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers invited on the basis of assignment (whole) or sub-lease (whole or part) at the passing rent of £18,500 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £12,250.00 and the rates payable are £5,708.50 pa. The UBR for 2017/2018 is 46.60p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Tilbury, a town north of the River Thames, is located in the borough of Thurrock, Essex. Located is 27 miles east of Central London, with a direct train service to London Fenchurch Street in 40 minutes. The property is situated near a number of local and national retailers, including Tesco Express, The Co-Operative and Ladbrokes.

Sizes and Measurements

Total Size

2,203sqft

Sales Area

1,823sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,823sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

380sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

20/12/2022

Rent Review Cycle

5

Lease type

Assignment

For rent

Price On Application

UBR

46.6p

Ratable Value

£12,250.00

Business Rates

£5,708.50/pa

Specification

  • Well-connected location
  • Former Bank premises
  • Flexible lease terms available

Floorplan

Photos

CALCUTTA ROAD TILBURY SHOPFRONT

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