City and County of the City of London, EC1M 6EZ

Description

These two connecting retail units are currently occupied by an established sandwich/cafe business. The units benefit individually from having their own basement storage/food preparation, toilets and rear access to a small courtyard which provides for bin storage and potentially goods access via a pedestrian footway to the right hand side of the units off Carthusian Street. The retail frontage offers a bright open plan sales area with a serving counter and seating. The premises would suit varies types of rental occupiers and could be reinstated into two self-contained units as they have individual lease which co-terminus subject to Landlords consent and if required planning permission.

Accommodation

Ground Floor Retail 50.20 m2 - 540sq. Ft. (approx.)

Basement (storage and food preparation) 42.20 m2 - 454 sq. Ft. (approx.)

Total Floor Area 92.40 m2 - 994 sq. Ft. (approx.)

The floor areas have been measured as approximate, and interested parties are advised to check these measurements.

Current lease terms

The current leases for both shops are full repairing and insuring leases contracted inside the

Landlord and Tenants Act for a remaining term of 11 years (approximately)

Current passing rent

£39,000.00 per sq. Ft. Per annum exclusive (plus VAT.)

Premium

The current occupier is seeking offers for their business goodwill, fixtures and fittings (schedule of items to be agreed)

Service charge

Estimated to be in the region of £3,500.00 per annum.

Building insurance:

To be confirmed.

Business rates

We are informed by the current occupier that the business rates payable for both units is £16,310 per annum payable from the 1st April 2019 to 31st March 2020. Interested parties are advised to seek confirmation from the City of London on