181 Stoke Newington High Street, Stoke Newington, London N16 0LH

SITUATION
Located close to the junction with Stoke Newington Church Street on this busy retail thoroughfare, nearby such multiple retailers as Pret A Manger, Costa, Savers, Iceland, Sports Direct, NatWest and KFC as well as a host of independent retailers.
There is a public car park to the rear of the property. Stoke Newington is a highly sought after commercial and residential area situated midway between Stamford Hill and Dalston and approx. 3½ miles north of the City of London.

PROPERTY
Forming part of an end of terrace building comprising a Ground Floor Shop with trap door access to Ancillary Storage in the Basement.
In addition, the property includes rear access from Wilmer Place.

ACCOMMODATION
Ground Floor Shop
Gross Frontage 28'6"
Internal Width 25'8"
Shop & Built Depth 77'8"
Sales/Office Area Approx. 1,454 sq ft
WC

Basement
Area Approx. 1,918 sq ft

Total Area Approx. 3,372 sq ft

VAT is applicable to this Lot

TENURE
Leasehold for a term of 999 years from 1st April 2005 at a peppercorn ground rent.

TENANCY
The property is let on a full repairing and insuring lease (subject to a schedule of condition and a capped service charge linked to annual RPI increases currently at approx. £3,448 p.a.) to East Kent Leasing Limited as an adult gaming centre (see Tenant Profile) for a term
of 15 years from 8th March 2021 at a current rent of £50,000 per annum exclusive.

Rent Reviews March 2026 (still outstanding) and March 2031.

Tenant’s Break March 2031.

Note 1: The tenant did not operate their March 2026 Break Clause.

Note 2: There is a £15,000 + VAT Rent Deposit held.

Note 3: 6 week completion.

TENANT PROFILE
East Kent Leasing Limited is owned by The Godden Gaming Organisation Limited who currently trade from 17 Palace Amusement Arcades and 3 Seaside Amusement Arcades – visit:
The lease to East Kent Leasing Limited benefits from an AGA with the original lessee, Merkur Slots UK Limited, who for the Y/E 31.12.25 reported a T/O of £213.7m, Pre-Tax Profits of £13.38m and Shareholders’ Funds of £18.78m.