21 Pitfield Street, London, Restaurant, Lease Assignment

21 Pitfield Street, Shoreditch, London, N1 6HB

Restaurant
1,250 sq ft
Lease Assignment

21 Pitfield Street, London, Restaurant Lease Assignment - IMG_5677.jpeg

21 Pitfield Street, London, Restaurant Lease Assignment - IMG_5678.jpeg

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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

Prime E Class in Shoreditch

Key Features

Prime location
Fully fitted
E Class
Transport Links
Premium Reduced
Late License for alcohol sale until 2 am

Description

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.

Available area

The accommodation comprises of the following

Name	sq ft	sq m
Ground	750	69.68
Basement	500	46.45
Total	1,250	116.13

Location

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.

Tenure

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.

Passing Rent

£35,000 per annum exclusive.

Premium

Offers in the region of £50,000

VAT

All prices quoted may be subject to VAT if applicable.

Licence/Planning

The premises benefit from E Class Planning and are licensed for alcohol sale until 2 am Thursday, Friday and Saturday.

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.