The property comprises a Retail (A1) shop premises arranged over ground and basement floors. The ground floor benefits from a full glazed retail frontage, a skylight and a 3.43m ceiling height, giving the space fantastic natural light. The basement benefits from being fully sound-proofed, having been used as a recording studio, with it's own kitchenette.
Location
The property is situated near a prominent junction, approximately 1km north of Kings Cross Station on Caledonian Road. Transport links are exceptional with with three bus routes servicing Kings Cross Station every 4 minutes. Central Saint Martins college is situated approximately 800m from the subject property.
A new FRI lease may be available on terms to be agreed by the landlord.
Accommodation
Ground Floor - 349 sq ft (32 sq m)
Basement - 380 sq ft (35 sq m)
TOTAL - 729 sq ft (68 sq m)
Terms
TERMS - The existing lease expiring in August 2029 has a passing rent of £17,000 pax.
PLEASE NOTE: The landlord has given a verbal indication that they may be willing to settle the upcoming rent review at £19,500 per annum.
There may be scope to obtain a new lease at a higher rent by way of negotiation with the landlord.
RENT - £19,500 PAX
RATES PAYABLE - Small business rate relief may be applicable. All parties are advised to contact the relevant local council.
VAT - Not applicable (TBC)
SERVICE CHARGE - Nil. (TBC)
EPC - Available upon request.
LEGAL COSTS - Each party to be responsible for their own legal costs.
Specification
- Near prominent junction in Kings Cross
- Major bus routes to Kings Cross Station
- Near local schools & Central St Martins
- Trendy independent retailers nearby
- 3.43m Maximum ceiling height
- Great natural light
- Kitchenette on ground floor and basement
- Electric roller shutter