125 Packington Street comprises a Drinking Establishment (A4) bar arranged over ground and basement floors of a period building. The ground floor is an open plan trading area with high ceilings and benefits from an external yard area.
The property is to be newly refurbished to shell and core condition.
Location
The property is situated in a prominent corner location on Packington Street in Islington. Packington Street is an affluent residential street benefiting from great amenities, leading to Essex Road and Upper Street approximately 350m away. The area is undergoing substantial redevelopment with the £130 million Packington Estate development project, which is within close proximity, which will provide 162 new homes.
Accommodation
Ground Floor - 1,495 sq ft (139 sq m)
Basement - 1,215 sq ft (113 sq m)
Total - 2,710 sq ft (252 sq m)
Class Use - A4 Drinking Establishment
Terms
TERMS - New Full Repairing and Insuring lease for a term to be agreed.
RENT - £75,000 PAX
RATES PAYABLE - Rateable Value estimated to be £13,750. Each party is advised to contact the relevant local council.
Small business rates relief may be applicable.
VAT - Not applicable (TBC).
SERVICE CHARGE - To be confirmed.
EPC - Available upon request.
LEGAL COSTS - Each party to be responsible for their own legal costs.
Specification
- Drinking Establishment (A4) bar use.
- Affluent area of Islington.
- Attractive period building.
- Open plan and high ceilings.
- To be newly refurbished.
- Business rates relief may apply.
- Approx 1,495 sq ft ground floor.
- External yard.