Property description

We are proud to present this fantastic A1 convenience shop located in the heart of Shoreditch. Less than a short 5 minute walk to Shoreditch High Street (0.1 miles) this property is located in a prime location offering a vast number of footfall and exposure. The property also benefits from being located a 5 minute walk (0.3 miles) from Shoreditch Overground Station which not only offers the obvious great transport facilities but also a great deal of interest from commuters. There is a wealth of amenities in the area which comes at an advantage to the property such as the Electric Cinema which is only located across the road as many people tend to buy cheaper drinks and snacks from the convenience shop. The property is also situated at the corner offering maximum exposure to all passers-by and residents. The area has a rich residential population and many do their everyday grocery shopping from this location.

The property boasts a shop floor and a basement with high ceilings offering 815 sq. ft. (approx.) in total. The shop floor offers 447 sq. ft. (approx.) and the Basement offers 368 sq. ft. in total. The basement in particular has great potential as it can be used for A1 Retail Space which has proven popular and sought after in this particular area. The property benefits from 4 high end fridge/freezers (2 large freezers and 2 large drinks fridges). Our client has informed us there is a large amount of stock included within the premium totalling £20,000. The seller is seeking a premium of £60,000 for goodwill, fixtures and fittings. The rent for this property is £18,000 per annum. There is a total of 2 years remaining on the lease. The lease being offered is an open lease.

Accommodation

Shop Floor: 28.38 ft. x 15.27 ft.

Sub Total: 447 sq. ft.

Basement: 17.00 ft. x 21.62 ft.

Sub Total: 367.54

TOTAL: 814.54

Tenure

Leasehold/Lease Assignment

Our client wishes to assign the lease which has 2 years remaining. We have been informed by our client this is an Open Lease.

Premium

Our client seeks a premium of £60,000 for goodwill fixtures and fittings.

Rent

The current rent for this property is £18,000 per annum.

Rates

We advise al interested parties to make their own enquires with the local council which is Tower Hamlets.

Legal Fees

The incoming tenant is to bear their own as well as the seller’s legal fees.

To arrange a viewing please call us on 020 7510 0860 or alternatively call our property manager directly on 074 1586 3800. If you have any questions or enquires regarding this property please feel free to give us a call we are always happy to help.

Property Features :

• A1 Convenience Shop
• Spacious 815 sq. ft. in total
• Storage Space
• Large Basement
• Located 0.1 miles to Shoreditch High Street