Retail premises to let in 87A Great Eastern Street, Shoreditch, London EC2A

Description

Lock-up retail / cafe / beauty premises with excellent ancillary storage space. The ground floor space has glazed frontage to the busy pavement on Great Eastern Street and is a regular full width shape. The space will be provided clear / white box for the incoming Tenant fit-out. The ancillary basement space is accessed via a shared stair and benefits from good ceiling height. The space is currently configured with a staff w.c. And separate shower room, open plan area and with a couple of under pavement vault spaces.

Location

The property is located on a busy stretch of Great Eastern Street between the split with Old Street and Curtain Road, on the Shoreditch Triangle. Surrounded by creative, media and tech offices, there are also several quality hotels in the immediate vicinity including The Hoxton Hotel, Nobu Hotel, Mondrian Shoreditch, and is almost opposite the soon to open Art'otel (Radisson). The property is well connected, within easy walking distance of Old Street, Shoreditch High Street, Liverpool Street and Moorgate Stations.

Initial Rent

£28,000 per annum exclusive.

Business Rates

The Valuation Office Agency lists the 2023 Rateable Value at £20,750. Notional Rates Payable for 1st April 2024 to 31st March 2025 are estimated at £10,354. Incoming Tenants qualifying for Retail, Hospitality and Leisure Relief may be able to reduce the Rates Payable by up to 75%, potentially bringing it down to £2,580 for the year. Interested parties are advised to seek confirmation from the London Borough of Hackney.

Service Charge

Estimated at £1,827 (+VAT) for the current year.