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326-328 Old Street, Retail Unit for Rent

Status: Shop For Rent

Size: 1,183 sq. ft. (Approx.)

Address: 326-328 Old Street, London EC1V 9DR

Rent: £55,000 PAX

Premium: OFFERS INVITED

Business Rates: £8,398 PA

Service Charge: £5,590 PA

Insurance: £1,815 PA

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Accommodation

Ground Floor Sales - 988 sq. ft. (Approx. GIA)
Ground Floor Office - 57 sq. ft. (Approx. GIA)
Toilets / Kitchenette - 138 sq. ft. (Approx. GIA)
Ground Floor Total - 1,183 sq. ft. (Approx. GIA)

Basement Storage - 700 sq. ft. (Approx. GIA)
Overall - 1,883 sq. ft. (Approx. GIA)

Transport

  • Old Street Station
  • Liverpool Street Station
  • Shoreditch High Street Station
  • Outside the Congestion Charge Zone
  • London Buses

Location

The premises are located on Old Street, just to the south of Hoxton Square, at the northern edge of the 'Shoreditch Triangle'.  The premises sit opposite Aviva Investors' forthcoming restaurant and office scheme at 297 Old Street.  Local retail and lesuire oporators include; SCP, The Blues Kitchen, The Tramshed, Goodhood, WA Green, Grace Loves Lace, On The Bab, Huckle the Barber and Redemption Bar.

Description

The shop which has been trading as a stationers for last 12 years benefits from a prominent semi-corner location.  The Ground Floor has good ceiling height and also benefits from good natural light from a modern glazed shop front as well as roof-lights towards the rear.  The basement space has reasonable ceiling height (average 2.43m approx.) and is currently used for storage. 

  • Good ceiling height
  • Good natural light
  • Gas central heating
  • Kitchenette
  • Private toilets

Terms

Assignment for a premium of our clients current lease which expires 15th November 2020.

and / or 

Potentially a new 10-15 year lease outside the protective provisions of the Landlord and Tenant Act could be available upon terms to be agreed.

Initial Rent

The current passing rent is £55,000 per annum exclusive. The rent will be increased if a new lease is granted.

Premium

Our clients seeks premium offers for the benefit of their lease.

Business Rates

The Shop currently falls under two assessments with the Valuation Office.  The Basement Storage has a Rateable Value on the 2017 List of £9,100.  The Ground Floor has a Rateable Value on the 2017 List of £22,500.  Verbally on the phone London Borough of Hackney have confirmed that the combined liability for both floors for the annual period of 1st April 2017 to 31st March 2018 is £8,397.50 (£1,917.95 & £6,479.55).  Interested parties are asked to seek their own confirmation from the London Borough of Hackney. 

Service Charge

Service charge contributions are currently running at £5,589.76 per annum.

Building Insurance

Building Insurance contributions are currently running at £1,815.03 per annum.

Floor Plans

Click here for the floor plans.
 

Disclaimer

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.