Lock up shop with open plan space and WC & Kitchen.
Location
The property is positioned within the busy & thriving Well Street shopping area that consists of a wide variety of independent retail businesses, bars, restaurants, and community establishments and Tesco Supermarket is nearby.
Homerton Station (TFL Overground) is a 7-minute walk.
Accommodation
Shop Frontage - 3.6 m (11.8 ft)
Shop Depth - 15.9 m (52.17 ft)
Front Shop Area - 28.64 m2 (308.28 sq. ft)
Rear Shop Area - 30.25 m2 (325.61 sq. ft)
Kitchen - 2.8 m2 (30.14 sq. ft)
WC
Total Shop area - 61.69 m2 (664.03 sq. ft)
Terms
Term: Assignment of existing 10-year lease that expires in April 2028, rent review due April 2023.
Rent: Payable rent £16,000 pax
Premium: A consideration of £10,000 is sought for the benefit of the lease.
Use: E Class
Rates (From April 2023):
Rateable Value £13,250
UBR XXX
Rates payable £6,611.75 pa
(Interested parties are advised to verify these figures with the London Borough of Hackney)
Legal Costs: Ingoing tenant to pay a contribution to the landlord’s legal fees, amount to be confirmed.
References: A charge of £200 + VAT may be 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
- Lease Assignment
- Rent - £16,000 pax
- 61.69 m2 / 664.03 sq. ft
- E Class Use
- Prominent Position
- Good Footfall