assignment - box prop

All enquiries/viewing requests to:

01157 844777 | www.boxprop.co.uk

Unit 433 | Intu Lakeside | RM20 2ZP

ASSIGNMENT

Unit 433| Intu Lakeside | RM20 2ZP

▪ Prominent Food Court unit

▪Average footfall of 25 million

▪Shopping catchment of

10,600,000 people

▪£54 billion total retail expenditure

within a 70 minute drive time

▪13,000 free car parking spaces

▪Operators within the immediate

vicinity include Five Guys, Pizza

Express, Tortilla, Wasabi and

Nando’s



Intu Lakeside Shopping Centre is a prime retail destination approximately 20 miles East of Central London alongside Junction 30 and 31 of the M25 motorway.

Intu Lakeside’s 1,430,000 Sq.Ft contributes to a total of 4,000,000 Sq.Ft of retail and leisure within the Lakeside basin making it Europe’s largest out of town retail concentration.

The property occupies a prominent corner position located within the schemes food hall on level 3. The Premises benefits from high levels of footfall being located immediately adjacent to one of the catering cluster’s main entrances. Operators within the immediate vicinity include Five Guys, Pizza Express, Tortilla, KFC, Wasabi, Chopstix, Burger King and Nando’s to name but a few.

Location

The current rent passing is:

£95,000 per annum exclusive

Subject to a 10% + VAT turnover top up of Gross sales exceeding the rent passing.

Rent

Accommodation

We are verbally advised by Thurrock Council’s Business Rates Department that the premises are assessed as follows:

Rateable Value: £TBC

Business Rates

A full set of floor plans are available upon request.

Plans

Description m2 ft2

Ground floor Retail/serving

72.46 780


The property benefits from planning consent for:

A1 (shops)

Planning/Licencing

(These measurements are given for information purposes only and prospective tenants are advised to undertake their own measurements of the property prior to contract)

Service Charge

We are advised the estimated service charge for the period expiring December 2018 is approximately £13,000 Exclusive.

VAT

VAT is applicable at the prevailing rate

10 year internal repairing lease excluded from the landlord and tenant act effective from May 2017. There will be an upwards only rent review on the 5th anniversary of the term to 80% of Rack Rental Value. A full copy of the lease can be made available upon request.

Lease

The tenant is a member of the centres merchants association. The charge for the units membership is £2,148 per annum.

Merchants Association

01157 844777www.boxprop.co.uk

@boxprop1 @boxprop1

FFrankie Labbate | Director07930 [email protected]

Ben Tebbutt | Director07930 [email protected]

Box Property give notice that: These particulars do not constitute, nor constitute any part of, an offer or contract. All statements contained in these particulars as tothis property are made without responsibility on the part of Box Property or the vendor/lessor. None of the statements contained in these particulars as to thisproperty are to be relied on as statements or representations of fact. Any intending purchaser/lessor must satisfy himself by inspection or otherwise as to thecorrectness of each of the statements contained in these particulars. The vendor/lessor does not make or give and neither Box Property or any person in theiremployment has any authority to make or give, any representation or warranty whatever in relation to this property. Every care has been taken in the preparation ofthese particulars, but their accuracy cannot be guaranteed. All properties are offered subject to contract and availability. June 2017

Richard HicksSentram0845 838 [email protected]

R

assignment - box prop

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