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Retail Property (high street) to rent

Chapel Market, London

Withdrawn from Market £40,000 pa| £3,333 pcm

Property Description

Key features

  • Busy Market Street
  • High footfall
  • Renewable Lease
  • Over 3000 sqft
  • Close to Transport Links

Full description

A unique opportunity has arisen for the lease of this premise in one of London’s prime locations, the busy Chapel Market. It comprises of ground floor, first floor and second floor, the total accommodation size is over 30000 sqft approx. The unit has an A1 license and is suitable for someone who is looking for an established business; otherwise it is suitable for a variety of other A1 retailers.

The premises is located close to Angel underground station (Northern line) with Boots, Marks & Spencer’s and several other established brands within close proximity. The local area offers an excellent selection of amenities such as shops, bars and restaurants. The area is easily accessible by car via A1 and A501.

Accommodation

Ground floor:
Width/Frontage:
Depth:
Ground floor size: 1500sqft approx

First Floor:
Width/Frontage:
Depth:
Basement size: 1000sqft approx

Second Floor:
Width/Frontage:
Depth:
Basement size: 1000sqft approx
Total accommodation size: 3500sqft approx

Lease Term/Commencement
Our client wishes to assign his renewable lease which has 18 months remaining.

Rent
£40,000 per annum. 

Premium 
£125,000 (shop)
£250,000 (business)

Legal Fees/Cost 
Each party is to bear their own legal cost.

VAT
This property is not elected for VAT.

Rates
We have been advised by our client that the current business rates are £19,200 per annum. However, all interested parties are encouraged to make their own enquiries with London Borough of Islington

Viewings
By prior appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057


Disclaimer      Ranson UK Limited their clients and any joint agents give notice that:1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Ranson UK Limited have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.



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