Status: TO LET - LEASE TO ASSIGN
Size: 850 sq. ft. (Approx)
Address: 10 Charlotte Road, London EC2A 3DH
Rent: £55,000 PAX
Business Rates: £8,838 PA
Service Charge: £2,500 PA
Ground Floor - 850 sq. ft. (Approx.)
The premises are located on the west side of Charlotte Road opposite the Bricklayer's Arms pub just metres from the junction of Rivington Street, at the heart of the vibrant Shoreditch Triangle. Local retail and cafe operators include: Origin Coffee, Kestin Hare, Mr Start, London Grace, SCP, Goodhood, Screenface, Ruffians and Kaizo.
The 'Shoreditch Triangle' is a busy mixed-use area occupied by many thriving creative and tech businesses and is well served by hotels, shops, amenities, transport, eateries and bars.
The space occupies the Ground Floor of a refurbished mixed use former warehouse building. The shop benefits from a modern glazed shop front with full electric shutter. The unit has a grey polished concrete shop floor throughout. The main retail space is open plan with a storage area to the rear, including W.C. and small kitchen. There is a also a lightwell to the rear.
Assignment of an existing effective Full Repairing and Insuring Lease for a term to March 2032, contracted 'outside' the Security of Tenure provisions of the Landlord & Tenant Act 1954, with Rent Reviews in March 2022 and 2027. There is also a Tenant-only option to break in March 2022.
£55,000 per annum exclusive is the passing rent.
The Valuation Office website lists that the unit has 2017 Rateable Value of £18,000. We are verbally informed by the London Borough of Hackney that the estimated Rates Payable for the period 1st April 2019 to 31st March 2020 are £8,838. Interested parties are advised to seek confirmation from the London Borough of Hackney.
The estimated annual service charge including contributions to buildings insurance is £2,500.
Included within the Service Charge.
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.