Status: TO LET - UNDER OFFER
Size: 2,694 SQ. FT. (APPROX.)
Address: 125 CURTAIN ROAD, LONDON EC2A 3BX
Rent: £120,000 PAX
Business Rates: £18,952 PA
Service Charge: £11,000 PA
Ground Floor - 1,247 sq. ft. (Approx. G.I.A.)
Basement - 1,447 sq. ft. (Approx. G.I.A.)
Total – 2,694 sq. ft. (Approx. G.I.A.)
Note: measurements have been provided from plans and should be verified once works are complete.
The building is a prominent converted Victorian warehouse located on the West side of Curtain Road, just to the South of the junction with Rivington Street, at the heart of the ‘Shoreditch Triangle’. Other retail occupiers close by include Present, SCP, Goodhood, Start, Sneakers n Stuff, Kestin Hare, Oliver Spencer, House of Hackney, Religion, Carhartt, Kent & London, Patrick Cox Edit. Tokyo, WA Green, as well as usual suspects Itsu, Pret, Eat, Apostrophe, Subway, Pod and several hairdressers, barbers and independent coffee places.
The retail unit occupies the majority of the ground and basement floors of the building with good frontage to Curtain Road and was until recently occupied by American Apparel. The space is L-shaped with great ceiling height to the ground floor and benefits from some natural light and ventilation to the rear (with space for external mounted air con kit in the lightwell). The complete refurbishment of this mixed-use building is nearing completion and the available space will be provided in semi-shell condition with services in place and already has newly refurbished staff toilets etc. in the basement. The Landlord has recently carried out structural works which have further opened up the Ground Floor and increased floor area. There will also be two possible circulation staircase locations for Tenant installation.
A New Effective Full Repairing and Insuring Lease, to be contracted ‘outside The Act’ for a term to be agreed.
£120,000 per annum exclusive (+VAT).
The Valuation Office website lists the 2017 Rateable Value at £48,000 giving and estimated Rates Payable for the year 1st April 2017 to 31st March 2018 of £18,952. Interested parties are advised to make their own enquiries with the Valuation Office and London Borough of Hackney.
The estimated annual service charge is £11,000 (+VAT).
The Statements contained in these Particulars are believed to be correct but their accuracy is not guaranteed and they do not constitute any part of an offer. This Agent and its employees have no authority to make representation or give any warranty in relation to this property. Any intending purchaser/lesser must satisfy themselves by inspection, examination, investigation or otherwise as to the correctness of each of the statements contained in these particulars.