Status: Shop For Rent - Under Offer
Size: 810 sq. ft. (Approx.)
Address: 11 Boundary Street, London E2 7JE
Rent: £55,000 PAX
Business Rates: £6,313.54 PA
Service Charge: £1,500 PA EST.
Insurance: £500 PA EST.
Additional Information: Available from January 2019
Ground Floor – 420 sq. ft. (Approx.)
Basement (excluding restricted height) – 390 sq. ft. (Approx.)
Total – 810 sq. ft. (Approx.)
The premises is located on the West side of Boundary Street opposite The Albion. The unit benefits from return frontage as has a corner with Boundary Passage which is a busy pedestrian route between Boundary Street / Redchurch Street and Shoreditch High Street. The unit benefits from being in the same vicinity as Redchurch Street, the landmark Tea Building, Shoreditch House, BoxPark and the forthcoming Shoreditch Village scheme. This buzzing retail location is home established brands including in the immediate area Camper, Sunspel, APC, Sweaty Betty, Nudie Jeans and The Brokedown Palace. Shoreditch High Street Station (Overground) and Liverpool Street Station are both within within close walking distance. The area is also very well-served by numerous bus routes and the property is located outside of the congestion charge zone.
This retail unit is situated within a mixed period terrace of retail and restaurant units. The unit is divided over ground and basement levels. The unit also benefits from having a toilet and kitchen area.
The unit benefits from planning permission to improve the shop front which the Landlord intends to implement before an incoming tenant takes possession or coordinate this work with an incoming tenant by negotiation.
A New Effective Full Repairing and Insuring Lease, the terms of which are negotiable.
£55,000 per annum (+VAT) exclusive.
The current Rateable Value for the premises listed on the Valuation Office website is £16,000. Verbally London Borough of Hackney have informed us the Rates Payable for the year 1st April 2018 to 31st March 2019 is £6,313.54.
Estimated at £1,500 per annum (+VAT)
Estimated at £500 per annum (+VAT)
The shop is available from January 2019.
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.