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Prime Spitalfields Restaurant/Takeaway, 10 Toynbee Street, Spitalfields, E1 7NE

534 Sq Ft / Leisure / Restaurants / Cafes

For Sale - £95,000.00

To Let - £25,000.00 per annum

Available - Last updated: 15 July 2024

Ground floor fully fitted takeaway prep area, storage and WC.

Location

Located in the thriving City Fringe, the property sits between both Old and New Spitalfields Market, with a wealth of cafés, bars and restaurants. Liverpool Street (Metropolitan, Hammersmith & City and Central lines, The Elizabeth line, London Overground and TFL Rail), and Aldgate East (Hammersmith & City line) tube stations all within short walking distance.

Accommodation

Front Area - 22 sq m (236.80 sq ft)

Prep Area - 8.8 sq m (94.72 sq ft)

Kitchen Area - 13.56 sq m (145.95 sq ft)

Total Area (GIA) - 49.65 sq m (534.43 sq ft)

Terms

Term: The current lease runs for 10 years from 29th Sept 2018 no further rent reviews.

Rent: £25,000 pax

Premium: Seeking offers in the region of £95,000, for the fixtures, fittings, equipment, and benefits of the sought-after lease.

Rates (From April 2023):

Rateable Value £18,750
Rates payable £9,356.25 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 

Specification

  • Lease Assignment
  • Rent - £25,000 pax
  • Premium - £95,000
  • Very Busy Position
  • Excellent Footfall
  • City Fringe Location
  • Excellent Condition
  • Fully Fitted Kitchen
  • Brand New Equipment
  • Ready to Occupy
  • Close to Spitalfields Market

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Leasehold £95,000.00 NA
  To Let £25,000.00 per annum

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Jason Grant

Countrywide Commercial

020 3369 2264

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