Retail Property (high street) to rent

Old Street, London, EC1V

£4,583 pcm
1,183 sq. ft.

Property Description

Commercial information

  • 1,183 sq ft (109 sq m)
  • Use class orders: A1 Shops

Letting information:

Furnishing: Unfurnished
Letting type: Commercial

Key features

  • Good Natural Light
  • Good Ceiling Height
  • Kitchen
  • Private Toilets
  • Gas Central Heating

Full description

ACCOMMODATION
Ground Floor Sales - 988 sq. ft. (Approx. GIA)
Ground Floor Office - 57 sq. ft. (Approx. GIA)
Toilets / Kitchenette - 138 sq. ft. (Approx. GIA)
Ground Floor Total - 1,183 sq. ft. (Approx. GIA)

Basement Storage - 700 sq. ft. (Approx. GIA)
Overall - 1,883 sq. ft. (Approx. GIA)

TRANSPORT
Old Street Station
Liverpool Street Station
Shoreditch High Street Station
Outside the Congestion Charge Zone
London Buses

LOCATION
The premises are located on Old Street, just to the south of Hoxton Square, at the northern edge of the 'Shoreditch Triangle'. The premises sit opposite Aviva Investors' forthcoming restaurant and office scheme at 297 Old Street. Local retail and lesuire oporators include; SCP, The Blues Kitchen, The Tramshed, Goodhood, WA Green, Grace Loves Lace, On The Bab, Huckle the Barber and Redemption Bar.

DESCRIPTION
The shop which has been trading as a stationers for last 12 years benefits from a prominent semi-corner location. The Ground Floor has good ceiling height and also benefits from good natural light from a modern glazed shop front as well as roof-lights towards the rear. The basement space has reasonable ceiling height (average 2.43m approx.) and is currently used for storage.

TERMS
Assignment for a premium of our clients current lease which expires 15th November 2020.

Our clients seek 100,000 for the leasehold interest.
and / or
Potentially a new 10-15 year lease outside the protective provisions of the Landlord and Tenant Act could be available upon terms to be agreed.

INITIAL RENT
The current passing rent is 55,000 per annum exclusive. The rent will be increased if a new lease is granted.

BUSINESS RATES
The Shop currently falls under two assessments with the Valuation Office. The Basement Storage has a Rateable Value on the 2017 List of 9,100. The Ground Floor has a Rateable Value on the 2017 List of 22,500. Verbally on the phone London Borough of Hackney have confirmed that the combined liability for both floors for the annual period of 1st April 2017 to 31st March 2018 is 8,397.50 (1,917.95 & 6,479.55). Interested parties are asked to seek their own confirmation from the London Borough of Hackney.

SERVICE CHARGE
Service charge contributions are currently running at 5,589.76 per annum.

BUILDING INSURANCE
Building Insurance contributions are currently running at 1,815.03 per annum.

AGENTS
Michael Newell 02077499476 michael@dominion.co.uk
Sandy Newell 02077499472 sandy@dominion.co.uk


Energy Performance Certificates (EPCs)

Nearest stations

  • Old Street (0.3 mi)
  • Shoreditch High Street (0.3 mi)
  • Hoxton (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dominion Limited, London

10 Standard Place London EC2A 3BE

020 3858 2562 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Old Street (0.3 mi)
  • Shoreditch High Street (0.3 mi)
  • Hoxton (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dominion Limited, London

10 Standard Place London EC2A 3BE

020 3858 2562 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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