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Stephen Kane & Co

Stephen Kane & Co

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42 Great Eastern Street

Great Eastern Street
City of London, EC2A 3EP

Use Class E(a)

1,426 sq ft

£62,500

Use Class

E(a)

Size

1,426 sq ft

Rent pa

£62,500

Marketed by Stephen Kane & Co

Last updated 26/07/2017
42 Great Eastern Street
Prime Shoreditch Cafe Lease for Sale
ON THE INSTRUCTIONS OF APOSTROPHE RESTAURANTS LIMITED
CONFIDENTIALLY AVAILABLE
The premises are situated in a prime position on Great Eastern Street linking Old Street to Shoreditch High Street being close to the junction with Curtain Road in this densely populated office and residential catchment area. Nearby occupiers include EAT, Pret a Manger, Pod, Itsu, Red’s True Barbeque, Pizza Express, The Book Club and Foxtons.

Use Class

A1 - The Lease has an open user clause as a retail shop or as a restaurant or cafe and/or for the sale of take away food.

Tenure

Leasehold

Viewing

Strictly by appointment.
Staff are unaware.

Accommodation

Accommodation details below:

Dimensions

ftm
Gross Frontage26.758.15
Net Frontage18.585.66
Shop Depth33.7510.3

Areas

sq ftsq m
Ground Floor Sales72367.2
Ground Floor Ancillary454.18
Basement Kitchen / Ancillary65861.1

Financial

Lease Type

Existing Lease

Lease Term

The premises are held on an effectively full repairing and insuring lease expiring 24 December 2020. A 10 year reversionary lease commencing 25 December 2020 subject to a day 1 rent review, has recently been agreed and is contracted inside the Security of Tenure Provisions of the Landlord & Tenant Act 1954.

Legal

Each party is to be responsible for its own legal costs.

Incentive

Premium - Offers Invited

Rent Review

2020/12 - 5 years

Rates

It is understood that from April 2017 the rateable value will be £53,500. Interested parties are advised to verify these figures by contacting the local authority, London Borough of Hackney 020 8356 3000.

Rateable Year:2017
Rateable Value:£39,750.00
Rates Payable:£19,756.00
UBR:49.7p/£

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Last Updated

26/07/2017

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2021 Completely Property Technology Limited

Stephen Kane & Co

Stephen Kane & Co

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