Status: Office For Rent
Size: 642 sq. ft. (Approx.)
Address: Unit 11, 5 Durham Yard, London E2 6QF
Rent: £20,000 PAX
Business Rates: £2,710 PA
Service Charge: 3,370 PA
Insurance: £294 PA
Unit 11 (First Floor) - 642 sq. ft. (Approx.)
The building is located on the West side of Teesdale Street, just to the North of the junction with Old Bethnal Green Road and also close to the junction with Hackney Road. This popular mixed-use area is close to Brick Lane, Shoreditch, Columbia Road, Broadway Market and London Fields. Durham Yard hosts many successful creative small businesses and benefits from being in very close proximity to The Common cafe.
The available first floor unit is part of a sympathetically converted former carpentry workshop / warehouse building accessed via the common entrance and stairs from the shared rear courtyard. The space is open plan with good floor to ceiling height and great natural light from both Teesdale Street and Durham Yard. There are share tea-point and toilet facilities on the same floor and cycle racks in the courtyard. The space has been recently decorated with new LED lights and new heaters installed.
A new effective full repairing and insuring lease outside the protective provisions of the Landlord and Tenanct Act.
£20,000 per annum exclusive payable monthly in advance. Currently the rent is not subject to VAT.
The Valuation Office Agency website shows the Rateable Value as being £13,250. Should a tenant qualify for Small Business Rates Relief we estimate the Rates Payable for 1st April 2019 to 31st March 2020 will be £2,710. For those who do not qualify for Small Business Rates Relief the Rates Payable is estimated at £6,506. Interested parties are advised to seek confirmation from the London Borough of Tower Hamlets.
The service charge (including electricity and water) and sinking fund contribution for the unit is currently running at £3,370.50 per annum.
The contribution to buildings insurance is currently £294 per annum.
Incoming tenant to contribute £600 towards Landlord's legal fees.
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.