Ground floor fully fitted Restaurant with basement prep area, storage and WC.
Location
Situated on the West side of Brick Lane, close to its junction with Fashion Street, one of the most progressive and sought after areas, drawing footfall from visitors to the nearby destinations of Spitalfields and Shoreditch. Shoreditch High Street & Liverpool Street Stations are both in close proximity and the property is also served by a number of bus routes on Commercial Street.
Accommodation
Restaurant & Open Kitchen Area - 27.69 sq m (298.05 sq. ft)
Basement Prep, Store & WC- 26.99 sq m (290.52 ft)
Total Area - 54.68 sq m (588.57 sq. ft)
Terms
Term: Current sub-lease runs for a 21-year term from 2018 and is subject to 3 yearly rent reviews.
Rent: £31,800 pax
Premium: Seeking offers in the region of £70,000, for the fixtures, fittings, equipment, and benefit of the sought-after lease.
Rates (From April 2023):
Rateable Value £30,250
Rates payable £14,850 pa
(Interested parties are advised to verify these figures with the London Borough of Tower Hamlets)
Legal Costs: Ingoing tenant to pay the landlord’s legal fees of £1500 + VAT
Reference & Credit Admin Fee: A charge of £300 + VAT payable for taking up references on behalf of proposed tenants, this fee is non-refundable after the references have been taken up, whether or not they are accepted by the Landlord.
Specification
- Ground floor & Basement
- Lease Assignment
- Rent - £31,800 pax
- Premium - £70,000
- Fully Fitted
- Very Busy Position
- Excellent Footfall
- Good Condition
- Open Kitchen
- Fully Fitted
- Ready to Occupy
- Trading Hours 12-10pm Mon to Sunday