20 Paul Street, London, EC4A 4JH

  • 1,100 sq ft
  • Lease Assignment
20 Paul Street, London Lease Assignment - outside .png
20 Paul Street, London Lease Assignment - Inside 1.jpg
Property Type
Tenure Lease Assignment
Size 1,100 sq ft
Rent £52,500.00 per annum
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Fully Fitted Shoreditch Restaurant

Key Features

  • 30 Covers
  • Double Fronted
  • Large Fitted Kitchen
  • Beautiful Bar in Place
  • Fully Fitted Restaurant
  • Close Walk from Old Street and Liverpool Street Tube Stations

Description

The premises are fully fitted and decorated to a good standard out as a restaurant arranged over ground floor only. It previously operated as a restaurant accommodating 50 covers. There is a large fully fitted kitchen in situ with full extraction facilities

Available area

The accommodation comprises the following areas:

Name sq ft sq m
Ground 1,100 102.19
Total 1,100 102.19

Location

The premises are located on Paul Street, in the heart of Shoreditch and is surrounded by many food and beverage operators, including Padella, Sanjugo, FAB Thai StreetFood, Mu Mu Street Food and Home Bar, to name a few. The premises benefit from being a short walking distance from Old Street and Liverpool Street Underground Stations.

Tenure

An assignment of the existing 20 year lease granted in March 2023, subject to 5 yearly rent reviews and tenant only break every 5 years. The lease is granted outside the security of tenure provisions of the Landlord & Tenant Act 1954.

Rent

Passing rent is £52,250 per annum exclusive.

Planning Use/ Premises License

The premises benefit from Class E planning use, with a premise licence in place allowing the sale of alcohol from 12pm till 11pm from Monday to Saturday and until 10pm on Sundays and with standard restaurant conditions.

Premium

Offers in the region of £85,000.

VAT

All prices are quoted may be subject to VAT if applicable.

Holding Deposit

A holding deposit will be required to secure the property, the deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.