Property Type | Restaurant |
Tenure | Lease Assignment |
Size | 1,250 sq ft |
Rent | £35,000 per annum |
Premium | £50,000 |
Business Rates | Upon Enquiry |
Service Charge | Upon Enquiry |
Energy Performance Rating | Upon enquiry |
The property is arranged over ground floor and basement. The ground floor has a fully fitted open kitchen currently serving 24 covers, but with reconfiguration more covers could be added. The basement level has a staff room, office and the toilets.
The accommodation comprises of the following
Name | sq ft | sq m |
---|---|---|
Ground | 750 | 69.68 |
Basement | 500 | 46.45 |
Total | 1,250 | 116.13 |
The property is located on Pitfield Street, Shoreditch in an excellent position accessible by Old Street and Shoreditch Station. The area is well known for its vibrancy and the unit is well positioned next to a host of bars and restaurants such as Meat Liquor, Bounce and Road Trip & The Workshop.
We will be offering an assignment of our client's existing full repairing and insuring lease to expire in 2026 and subject to a rent review in 2023. It is understood that the lease is granted inside the security of tenure provisions of The Landlord and Tenant Act 1954.
£35,000 per annum exclusive.
Offers in the region of £50,000
All prices quoted may be subject to VAT if applicable.
The premises benefit from E Class Planning and are licensed for alcohol sale until 2 am Thursday, Friday and Saturday.
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.