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Restaurant/cafe for sale
1,046 sq. ft*
The property benefits from an excellent trading position on the east side of St John Street, at the busy junction with Smithfield Market, Charterhouse Street and Cowcross Street. Nearby occupiers include Pret, Paul, Gaucho, Smiths and St John. Both Farringdon and Barbican Station are in close proximity and the location benefits from a high density of office accommodation in the surrounding area.
The building is set over basement, ground and first floors, with the entire property being within Use Class E and trading as a pizza restaurant/takeaway. The basement is used for storage whilst the ground floor is the main serving and seating area with a kitchen to the rear. The first floor provides further seating area, office and customer toilet.
The entire property is let on Fri terms to Pixxa Ltd on a 10 year lease granted outside the Landlord & Tenant Act, expiring in December 2029, subject to a tenant only option to break in December 2024. The passing rent is £35,000 per annum exclusive. There is an upward only rent review to open market rental value in December 2024.
Planning and development
There exists a future opportunity to redevelop the property with an evident opportunity to add further accommodation on several levels above, subject to planning. Interested parties are advised to make their own enquiries in regards to planning.
For more information about this property, please contact Jarvis Keller, EC1M on +44 20 8022 6032 * (local rate)
Contact Jarvis Keller about this property
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