Lock up shop with open plan space fully fitted as a coffee shop that is not operational and vacant, with a rear store and WC.
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 - 4.73 m (15.5 ft)
Shop Depth - 13.75 m (45.11 ft)
Main Area - 65.13 sq m (700.99 sq ft)
Store- 5.7 sq m (61.35 sq ft)
Terms
Term: Assignment of existing 15-year lease from 28th July 2015
Rent: Payable rent £15,000 pax
Premium: Seeking offers in the region of £30,000, for the fixtures, fittings, equipment and benefit of the sought-after lease.
Rent Reviews: Every 5 Years
Use: E Class Use
Rates (From April 2023):
Rateable Value £17,500
UBR XXX
Rates payable £8,732.50 pa
(Interested parties are advised to verify these figures with the London Borough of Hackney)
Legal Costs: Ingoing tenant to pay the landlord’s legal fees of £1500 + VAT and £1250 + VAT towards the managing agents’ administrative costs. N.b these are non-negotiable
Specification
- Vacant Premises
- Lease Assignment
- Rent - £15,000 pax
- Premium - £30,000
- 65 m2 / 700 sq. ft
- E Class Use
- Prominent Position
- Good Footfall