A1/A3 Lease available close to Moorgate and Old Street Underground Stations
Accommodation The premises is arranged over ground floor only.
Use The premises benefits from both A1 and A3 Planning consent.
Rent The passing rent is £65,000 per annum exclusive of rates, service charge and VAT (if applicable).
Lease The property is available by way of an assignment of the existing FR&I lease for a term of 10 years, expiring in August 2024, contracted inside the L&T Act 1954. The next rent review is due in August 2019 and the rent has been pre-agreed to increase to £66,000 per annum.
Premium The property is offered with the benefit of existing fit out and premises licence which will be transferred to the new tenant. Further details available upon request.
Rates We have been advised by the Local Authority that the premises are assessed for rating purposes as follows: Rateable Value £81,000 UBR (2017/18) 49.8 Rates Payable £40,338 Prospective tenants are advised to confirm any rating liability directly with the Local Authority.
Viewings All appointments to view must be arranged via sole agents Colliers International
Costs Each party is to be responsible for their own legal and all other professional costs incurred in the transaction.
EPC An EPC is available on request.
Planning Usage: A1 Retail / Shops
The property is located on City Road between Moorgate and Old Street Underground Stations and profits from large amounts of office workers from the City and residence from Shoreditch.
The area just north of the property benefits from some of most renowned restaurants and cafes in London including, Oklava, St Leonards, Leroy’s and Ozone Coffee. Other nearby occupiers include: EAT, Flight Club, Itsu and Lantana Café.
These particulars do not form part of any offer of contract. They are issued as a general guide, but do not constitute representation of fact. Parties should satisfy themselves as to their accuracy. Unless otherwise stated, all prices/rents are quoted exclusive of vat. All terms and information provided is subject to contract & without prejudice.