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Retail Property (high street) to rent

Well Street, Hackney E9 6QU

Withdrawn from Market £1,500 pcm

Property Description

Key features

  • Spacious 600 Sq. Ft.
  • Prime Location
  • Market
  • Well Established Organic Business
  • Near Victoria Park
  • Well Street Currently going through Regeneration
  • Many Shops Nearby
  • Minutes away From Morning Lane Designer District
  • Hand Crafted Fixtures and Fittings
  • High Frontage

Full description

We are proud to present this retail shop currently trading as an organic supermarket located in the heart of Hackney on the popular area of Well Street (few minutes away from Victoria Park). This business has been successfully running for some time now. It is one of the most recognisable premises on Well Street and is extremely popular with the residents and local businesses. The property is ideally located in the main well street junction with many other shops, restaurants, cafes and bars also based nearby. This location offers a vast number of footfall and traffic passing at all hours. There are a whole host of local renowned business drawing customers to this area. With Hackney Central, Hackney Empire, Town Hall, Hackney Museum, Mare Street and the new designer clothing retail district on Morning Lane, the whole area is becoming more and more well known throughout London and is becoming a tourist hot spot.

This retail business is offering a space of just over 592 sq. ft. with a rental price of £18,000 per annum. The seller is seeking a premium of £80,000 for this property for goodwill, stock, fixtures and fittings. The current occupier has been based here for over 20 years. The lease has two years remaining on a renewable basis.

Accommodation

Shop Floor including – 13.14 ft. x 23.65 ft.

Office - 9.07 ft. x 7.92 ft. 

Toilet – 3.03 ft. x 7.64 ft.

Storage – 12.28 ft. x 15.19 ft.

TOTAL – 592 sq. ft. (approx.)

Tenure - 2 years remaining

Open / Renewable Lease for £18,000 rent per annum. 

Our Client wishes to assign the lease with over 2 years remaining.

Premium 

Our client seeks a premium of £80,000 for goodwill, fixtures and fittings, and location. 

Legal fees 

Buyer to bear own legal costs as well as the landlords. The seller shall bear their own legal costs.  

Rates 

Interested parties are encouraged to make their own enquiries with the local authority. Please note that there are various Business Rate Exemptions for small and new businesses with the Local Authority.



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