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BOUTIQUE UNIT AVAILABLE WITHIN WALKING DISTANCE FROM OLD STREET UNDERGROUND STATION. The premises are located on the southern side of City Road, which is the main thoroughfare from Old Street Underground Station to Moorgate. The immediate location is renowned as the cultural hub of London's creative industry, with nearby occupiers including Tech City, White Collar Factory and The Amazon Building. Nearby retail and F&B operators include; Sainsbury’s Local, Pret A Manger, Ozone Coffee, London Grind and Passo Italian.
Property DetailsTENUREThe property is available by way of an assignment of the existing lease expiring 19h August 2023. The lease is contracted outside the Security of Tenure and Compensation provisions of the Landlord & Tenant Act 1954 (as amended).PASSING RENTThe passing rent is £40,000 per annum exclusive of rates, service charge and VAT (if applicable)USEThe property benefits from Class A1 of the Town & Country Planning (Use Classes) Order 1987. All uses within the new ‘Use Class E’ of the Use Class Order (as amended) will be considered subject to Landlord’s consent.RATESWe have been advised by the Local Authority that the premises are currently exempt from paying business rates until 1st April 2021. For guidance purposes the current rateable value for the property is £20,000. With rates payable (yr 20/21) of £9,320. Prospective tenants are advised to confirm any rating liability directly with the Local Authority.EPC RATINGEPC certificate available upon request.
Unit 1A, 75 City Road,
TransportOld StreetNorthernNational Rail Services