Status: Shop (Class E) For Rent
Size: 470 sq. ft. (Approx)
Address: 73 Rivington Street, London, EC2A 3AY
Rent: £50,000 PA (+VAT)
Business Rates: £7,736 PA (+VAT)
Insurance: £347 PA (+VAT)
470 sq. ft. (Approx.)
The building is located on the north side of Rivington Street, between Curtain Road and Shoreditch High Street in the heart of the 'Shoreditch Triangle' and this street is now partially pedestrianised. The premises sit between bars Callooh Callay, Light Bar and Cargo with the Office Group's new Black and White Building diagonally opposite. Local retailers include Lee Broom, Mr Start, Goodhood, SCP, Religion, Carhart, Fred Perry, Sneakersnstuff and Oliver Spencer. Local stations are Old Street, Shoreditch High Street and Liverpool Street
This contemporary building nestles between period buildings and the Rivington Place Arts Centre designed by David Adjaye. The self-contained retail space occupies the ground floor and has a generous floor to ceiling height so feels spacious and roomy. The unit is being let in a condition ready for trading with heating and cooling and lighting in situ. The shop benefits from great visibility and has level access from the street. The current permitted planning hours for A1/A2 or B1 uses are 8am to 11pm on any day. Other Class E uses will be considered.
Available by way of a new effective full repairing and insuring Lease, direct from the freeholder, the terms of which are negotiable. The timing of the departure of existing tenant is being finalised.
The Valuation Office Agency website lists the property as Shop and premises with a 2017 Rateable Value of £15,500. As a retail premises, occupiers would pay no Business Rates for the year to 31st March 2021. The Rates Payable for the period 1st April 2021 to 31st March 2022 are notionally £7,734 unless further relief is to be granted. Interested parties are advised to seek confirmation from the London Borough of Hackney.
Contribution to service charge is ad-hoc, no contributions have been required in the last 4 years.
Contribution to building insurance is currently running at £347 per annum (+VAT).
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.