A great opportunity to lease this A3 Restaurant situated on the popular & trendy Commercial Street. The restaurant is fully air conditioned & includes a fully functioning professional kitchen & toilets for staff & separate toilets for customers. The restaurant is spread over the basement which has the kitchen & customer dining area over the ground & 1st floor. There are an additional 2 floors on top of the restaurant which can be used also for business purposes.
Commercial Street, London E1 6BD
This is a single fronted commercial premises spread over 5 floors including the basement. The restaurant has been recently refurbished to a very high professional standard & is centrally located for the high foot fall attracted by Shoreditch.
Premium: £200,000 (for benefit of the lease & fixtures & fittings)
Lease term: 15 years from May 2017 (FR&I Lease outside the security and provisions of the landlord and tenant act 1954)
Rent: £60,000 per annum
Rent review: Every 5 years
Deposit: 6 months deposit required by Freeholder
Rates: £9305.00 per annum
Local authority: Tower Hamlets
Class of Use: A3
Legal Cost: Incoming tenant will bear all the legal cost and also Incoming tenant to bear Freeholders management and legal cost
AGENTS NOTE: Oakford Estates Ltd as agents have endeavoured to check the accuracy of these sales particulars, but however can offer no guarantee, we therefore must advise that any prospective purchaser employ their own independent experts to verify the statements contained herein. All measurements are approximate and should not be relied upon. No equipment, utilities, circuits or fittings have been tested. No person in the employment of Oakford estates Ltd may make or give any guarantees or warranty in relation to this property.