Property Type | Office / Retail |
Tenure | Lease Assignment |
Size | 1,289 sq ft |
Rent | £29,500 per annum |
Rates Payable | £10,728.50 per annum |
EPC Rating | This property has been graded as C (55) |
The lockup retail unit benefits from a modern interior fitout, currently used as a coffee shop. The property benefits from the high visibility of two frontages situated in a densely populated area. Internally, the unit is fitted with air conditioning units, a variety of light fittings, a disabled WC with baby changing facilities and storage facilities.
Name | sq ft | sq m |
Ground | 1,001 | 93 |
Outdoor - Rear yard | 288 | 26.76 |
Total | 1,289 | 119.76 |
The property is located on Burdett Road, less than 50 meters from the major cross road on Mile End Road (A11), intersecting with Grove Road (A1205) heading in a northerly direction towards Hackney and heading in a southerly direction towards Docklands. Mile End tube station (Central and District Lines) lies approximately 1 minute walk from the premises and both Mile End Park and Queen Mary University are located nearby. The surrounding area is a highly popular residential and business locality with extensive developments including a vibrant mix of restaurants and bars under the famous 'Mile End Green Bridge'.
The property is available by way of an assignment of the subject FRI lease for a term of 15 years with effect from 20th June 2017 and 5 yearly reviews. The passing rent is £29,500 per annum exclusive. The lease is outside of the Landlord and Tenant Act.
Please ask on request.
The ingoing tenant is to bear the landlord's costs in the transaction, additionally the ingoing tenant is to provide an undertaking for abortive costs should they withdraw.