Letting summary

104 Peel Avenue

Situation

The unit is situated on the upper level adjacent to Starbucks and Claires Accessories with retailers close by including John Lewis, Boots, Marks and Spencer and the Early Learning Centre. The exact location is shown on the attached letting plan.

Accommodation

The unit is arranged on ground floor only and offers the following approximate dimensions and gross internal floor area:-

• Internal Width 40ft 7 in (12.36 m)
• Shop Depth 101 ft 7 in (30.65 m)
• Ground Floor Area 3,362 sq ft (312.33 sq m)

Lease

The premises are available by way of a new lease contracted-out of the L&T Act for a term of 15 years on an effectively full repairing and insuring basis, incorporating 5 yearly upward only rent reviews.

Rental

Rental offers are sought in the region of £485,000 per annum or a percentage of turnover, exclusive of VAT, to be agreed, whichever is the highest, and exclusiveof service charge, rates and VAT.

Service Charge

The budget service charge for the year ending 31st March 2007 is £33,620 pa exclusive of VAT and a 7.5% management charge.

Rating Assessment

We are verbally advised by the Local Rating Authority that the premises are assessed for rating purposes as follows:-

• Rateable Value - £297,500
• Rates Payable (2007/2008) - £114,533.43

Viewing

By appointment through Martin Acton (020 7152 5201)martin.acton@eur.cushwake.com