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Shop for sale

Kingsland Road, Dalston Kingsland, E8

Sold STC £45,000

Property Description

Full description

Tenure: Leasehold

The premises comprise a ground floor sales area of approximately 25m2 and further 25m2 in the basement. The premises are a well positioned sandwiched in between very popular and trendy neighbourhoods of Hoxton, Dalston Kingsland and Shoreditch. The premises have been recently refurbished to a good standard, and features tiled floors on the shop area, laminated floor in the basement and further benefits from two air conditioning units.


" The Basic new leasing term is negotiable.

" Rent to be reviewed every 3 to 5 years (Awaiting confirmation from the LANDLORD)

" Deposit equivalent to 3 months rental 3 months advance payable at commencement of lease.

" All refurbishment works must be approved by our appointed charter surveyor at leaseholder's expense.

" Leaseholder will be responsible for their own legal cost.

" The lease is based on A2 planning permission currently, any further applications required by the landlord's consent which of course, neither would be unreasonably withheld.

" Rent £15,000 pa

Lease for Sale!!

Lease Negotiations
£15,000 p.a. with rent review every 3-5 years review to be negotiated by both parties. (Awaiting Confirmation)
1. Rent deposits and guarantees
Deposit equivalent to 3 months rental 3 months advance payable at commencement of lease. The deposit will be reserved by the landlord and will only be released back to the tenant once the lease comes to an end or agreed otherwise. The property must be maintained within a reasonable condition.
2. Length of term, break clauses and renewal rights
The length of the term is a New Lease and will need to be negotiated by both parties.
3. Rent review
Rent review will be negotiated between the relevant parties [upwards only].
4. Assignment
The lease allows tenants to assign the whole of the premises with the landlord's consent not to be unreasonably withheld or delayed; and not refer to any specific circumstances for refusal, although a lease would still be Code complaint if it requires that any group company talking an assignment, when assessed together with any proposed guarantor, must be of at least equivalent financial standing to the assignor (together with any guarantor of the assignor)
5. Repairs
The lease will be under 'Fully Repairing and Insuring'.
The tenants should only be obligated to give the premises back at the end of their lease in the same condition as they were in at its grant.
6. Alterations and changes of use
Internal non-structural alterations should be notified to landlord but should not need landlord's consent unless they could affect the services or systems in the building. Landlord has a right to request to the tenant to remove permitted alterations and make good at the end of the lease.
The requirement will be notified to the tenant at least 6 months before the termination date.
7. Insurance
The lease will be under 'Fully Repairing and Insuring'.
It can be negotiated at commence at lease.
8. Premium
Premium is applicable for this lease


LOCATION
Dalston is centrally located within the Borough of Hackney, approximately 1 mile from both Highbury & Islington and Stoke Newington, as well as half a mile from London Fields. The town centre has recently benefited from £160 million regeneration, which is served by both Dalston Kingsland and Dalston Central overground stations. The new developments have led to an influx of young professionals, with the area becoming known as the new "Shoreditch" for nightlife. The shop is centrally situated within ever so popular Shoredicth, Hoxton and Dalston Kingsland, where nearby occupiers include

RATES
TBC


Strictly by appointment with the Green Live Estate Agents
Adis Karahodza
adis@greenlive.co.uk
07818 008 603
www.greenlive.co.uk

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