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RETAIL UNIT – LEASE FOR SALE ROMFORD – UNIT 5, THE MERCURY MALL, RM1 3EE LOCATION The Mercury Mall is located in Romford some 15 miles northeast of central London. Romford has a shopping population of 150,000 persons within a 14-minute drive. The scheme provides for some 420,000 sq. ft. of shopping and leisure facilities arranged over three levels and provides over 1,000 customer car parking spaces. The ground floor of the scheme links seamlessly with excellent facilities within Liberty Shopping Centre. The property occupies a prime retailing location adjacent to Menkind Menkind Menkind Menkind with other retailers nearby including Vodafone, Vodafone, Vodafone, Vodafone, Vision Express, The Fragrance Vision Express, The Fragrance Vision Express, The Fragrance Vision Express, The Fragrance Shop and Shop and Shop and Shop and Bonmarche. Bonmarche. Bonmarche. Bonmarche. ACCOMMODATION The unit is arranged on ground floor only, benefits from rear servicing and has the following approximate net internal floor areas and dimensions: Net Frontage Internal Width Shop Depth Ground Floor Sales Ground Floor Sales Ground Floor Sales Ground Floor Sales 19’ 0” 20’ 9” 41’ 4” 799 sq. ft. 799 sq. ft. 799 sq. ft. 799 sq. ft. 5.79m 6.32m 12.60m 74.23 sq. m. 74.23 sq. m. 74.23 sq. m. 74.23 sq. m. TENURE The premises are held on an effectively FRI lease by way of a service charge for a term of five years from 4 th November 2015, without review, at a rent of £52,500 pax. RATES We have been advised by the Local Authority that the unit is assessed for rating purposes as follows: Rateable Value £50,000 UBR (2018/19) 47.9p Rates Payable £23,950 Transitional phasing may apply. Prospective tenants are advised to confirm any rating liability directly with the Local Authority. COSTS Each party is to be responsible for their own legal and all other professional costs incurred in the transaction. EPC RATING An Energy Performance Certificate for the property is available on request. VIEWING & STAFF The staff are unaware of this disposal so all enquiries should be through the vendor’s sole agent. > Prime location close to H&M, Vision Express, Game & Wilko > Close to two multi storey car parks providing over 1,000 spaces. > Under rented lease without review until November 2020. Colliers International 50 George Street London W1U 7GA +44 20 7935 4499 www.colliers.com/uk/retail CONTACT US Viewing is strictly by prior appointment with Colliers International, through: Steve Burnaby +44 20 7487 1712 [email protected]
