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A Well Located Ground Floor & Basement Lock-Up Coffee Shop Let on an FRI Lease Producing £23,000 per annum.
The property occupies a prominent corner position within an established parade of shops on the main high street with return frontage on Teesdale Close. The property is arranged as a ground and lower ground floor coffee shop measuring approximately 139 sq m (1,500 sq ft) and benefits from an A3 license.
Long Leasehold. The property is held on a 999 year lease from 18th December 2015 (thus approximately 995 years unexpired).
The property is situated in the popular East London area of Hackney amongst local shops and amenities. As well as numerous local established traders, nearby multiples include William Hill and The Days Hotel. Transport links are provided by Cambridge Heath overground station.
Lower Ground Floor Customer Seating Offices and Staff Room Ground Floor Shop Area W.C.
The property is let on an FRI Lease for a term of 3 years commencing 26th March 2018 at a rent of £1,916.66 per month. The shop is trading as Residence Coffee and the tenant has requested a new 15 year lease with 3 year rent reviews.
Current Rent Reserved
Current Rent Reserved £23,000 per annum
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.