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Retail Property (high street) to rent

Meridian Place, Canary Wharf E14 9FF

Withdrawn from Market £1,333 pcm

Property Description

Key features

  • Glass Fronted over 20 ft.
  • Busy Location
  • Situated in Canary Wharf
  • 5 Minute Walk to Canary Wharf Station
  • 0.3 Miles from South Quay Station
  • Outside Seating Area
  • Development oposite property with potential to generate more business
  • Running Business Of Over 14 years

Full description

We are proud to offer this Lease Assignment for a fantastic A3 café situated in the popular area of Canary Wharf E14 the financial district of London. Located in the middle of a number of office blocks and residential units this property attracts a large number of customers throughout the day. There are 4 stations located 0.9 of a mile from the property such as Blackwell, Mudchute, Crossharbour and South Quay Station which is of eye sight from the property. Canary Wharf DLR is situated a short 5 minute walk from the property such is the famous 1 Canada Square.The property boasts a luxurious feel fitting into the environment of the Canary Wharf City lifestyle, with 12 seat covers outside the property which proves a great hit during the summer you are able to look over into the canary wharf river while having a nice coffee or latte. A successful cafe property has been in business for the past 14 years. A 52 storey – development construction is due to start opposite the property. This is a major advantage to the property as this will without doubt generate a healthy amount of business. Offering a spacious interior with over 851.36 sq. ft. (approx.) of space and 19 seat covers the property has potential to host a large number of customers. The property boasts a very large glass front of over 30 ft. filling the interior with natural sun light and ensuring maximum exposure. With ample storage space and a number of high quality fittings such as a large sandwich counter. Our client seeks to offer this (renewable) lease with 5 years remaining at a price of £75,000 for goodwill fixtures. The rental figure for this property (not including landlord and building charges) stands at £16,000 per annum.ACCOMMODATIONShop Front: 34 ft. (approx.)Glass Fronted the shop front offers a great deal of natural light to flood the property as well as ensuring maximum exposure. Shop Floor: 34 ft. x 25.04 ft. Office Room: 6 ft. x 7 ft. Storage: 8.89 ft. x 7 ft. Toilet: 10.27 ft. x 5.70 ft. TOTAL: 815.36 sq. ft. (approx.)TENURELease Assignment – Our client wishes to assign the lease with 5 years remaining. The lease in question is an open renewable lease.PremiumOur Client seeks a premium of £75,000 for goodwill, fixtures and fittings.RentThe Rent is currently £16,000 per annum.RatesThe rates are £4800 per annum however we advise interested parties to make their own enquires with the local authority.Legal FeesThe incoming tenant is to bear all legal cost including the sellers. 

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