ID : 10117
AMAZING OPPORTUNITY 5MIN WALK FROM SHOREDITCH.
Free of tie lease – 4000sqf ground floor and basement lock-up
Two trading areas at ground floor level
Passing rent £80,000 per annum with rent review in 9 years
Licensed until 12:00 midnight on Monday to Sunday
Front on busy street.
Possibility to turn back to Retail space (A1 Shop)
Fantastic venue for sale for cause of business direction change.
The directors are branching out to a very different venture and must release capital, as such the latest opening must be sold.
Completely refurbished last year from shell, to very high standard with beautiful street art deco.
The unit occupies the ground floor and basement of a four storey building.
The ground floor trading area is sub-divided into two trading areas each decorated in a contemporary style with exposed timber and concrete flooring and internal exposed brick walls fitted with a single bar servery.
An open plan trade kitchen and disabled wc lie to the rear of the ground floor.
The basement provides both male and female wc’s, a cold beer store, an office and a general ancillary storage area.
The approximate gross internal floor areas are as follows:-
Ground floor 268 sq m (2,881 sq ft)
Basement 100 sq m (1,076 sq ft)
Total 368 sq m (3,957 sq ft)
Services
The property is connected to all mains services.
Licensing
The Premises Licence permits the sale of alcohol from 10:00am until 11:30pm on Sunday and from 11:00am until midnight on Monday to Saturday.
Rating Assessment
The property listed within the current (2017) Rating List as a Launderette and Premises
and has a Rateable Value of £5,400 RV.
Tenure
The property has a lease term of 15 years from 2016, expiring in 2031, within the Act. The rent passing is £80,000 per annum and the lease is free of all ties.
Basis of Sale
No trading information will be provided or warranted as part of this sale.
£100,000 are invited for the leasehold interest
Fixture & Furnitures to be negotiated ontop (£140,000 worth of new equipment – interested party for Retail / Shop, we can take everything with us if not needed)
Please get in touch for further information.
