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Shop to rent

Stoke Newington Church Street, London, N16

1,498 sq. ft. | £30,000 pa| £2,500 pcm

Property Description

Commercial information

  • 1,498 sq ft (139 sq m)

Key features

  • A1 premises
  • Residential flats above
  • FRI lease of 20 years from 2014
  • 140,000 premium

Full description

Description:

The premises is for the shop and residential flats above, the retail is arranged over ground floor and basement.

Location:

The property is located on the north side of Stoke Newington Church Street. The street has grown as a retail destination over the last 10 years and now has a wide variety of retailers, from boutique clothing and coffee shops to estate agents and food shops.

Use Class:

Retail (A1) use class.

Terms:

The property is available by way of assignment of the existing FRI lease of 20 years starting January 2014. Current rent is set at 30,000 per annum exclusive. We are quoting a premium of 140,000 for fixtures fitting and goodwill.

The lease benefits from an income of 28,000 per annum on the residential upper parts.

Business Rates:
6870 per annum

Legal Costs:

Each party to bear their own legal costs incurred in this transaction.


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