Status: TO LET
Size: 1,099 SQ. FT. (APPROX.)
Address: 25 Ridley Road, London E8 2NP
Rent: £36,000 PAX
Business Rates: £12,931.50 PA
Insurance: £721.15 PA
Ground Floor – 701 sq. ft. (Approx.)
Basement – 398 sq. ft. (Approx.)
Total – 1,099 sq. ft. (Approx. G.I.A.)
Measurements have been calculated from architects plans and interested parties should satisfy themselves.
The premises are located on the North side of Ridley Road, between the junctions with Kingland Road and Dalston Lane, at the heart of Ridley Road Market and handy for those using Dalston Junction and Dalston Kingsland Stations and adjacent to the shopping mall. Other leisure operators nearby include Voodoo Rays, Dalston Superstore, Ridley Road Market Bar, Dalston Roof Park, The Alibi and The Arcola Theatre and Rio Cinema.
The commercial unit is over ground and part basement floors of an Ellis Miller designed mixed-use redevelopment in the heart of Dalston completed in 2016. The commercial unit has been initially fitted out as a restaurant with a bar / open-kitchen area on the ground floor (which benefits from extraction, plus plumbing and power for kitchen equipment) as well as open plan area with reclaimed parquet flooring and part exposed brickwork / part antique wooden panelled walls. There frontage is good with large opening sections. There is a DDA sized W.C. on the ground floor and a second W.C. in the basement. The basement is otherwise currently a lounge area with access to a separate storeroom (with fridges). Both floors benefit from comfort cooling / heating system and there is an electric boiler for hot water. In addition, the unit is part supplied by solar panels.
The premises benefit from plannning consent for flexible A1 / A3 use 9am to 10pm every day and other uses can be considered, subject to planning. There is also a Premises Licence.
A New Effective Full Repairing and Insuring Lease, to be contracted 'outside' the protective provisions of the Landlord and Tenant Act, for a term to be agreed.
The Valuation Office Agency website lists the 2017 Rateable Value at £27,750. We have been verbally informed that the Rates Payable for 1st April 2017 to 31st March 2018 are estimated at £12,931.50. Interested parties are advised to make their own enquiries to the London Borough of Hackney.
Estimated at £721.15 for the current year.
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.