Retail premises to let in 28 Scrutton Street, Shoreditch, London EC2A

Description

This self-contained corner ground floor space has five full-height openings to a wide frontage on Scrutton Street and return frontage to Clifton Street. The current set-up is with a long serving counter, window seating, and storage / w.c. To one end. It would be possible to make all column-free open plan space and would suit another cafe / leisure operation (no full cooking extract possible) or equally retail, showroom or beauty concepts, subject to planning where required. The previous Tenant also held a standard hours premises licence.
On the attached floor plan the space can be identified as Ground Floor Unit 2.

Location

This modern warehouse style building is on the corner of Scrutton Street and Clifton Street in the heart of the South Shoreditch office district. Eateries and watering holes in the immediate vicinity include Padella, Leroy, Sanjugo, The Fox, Old Kings Head, Alchemy Cafe and Clifton's Cafe. Notable workspace buildings within metres are Zetland House, Shoreditch Works, The Old Dairy and The Frames. Transport links are excellent being an almost equidistant short walk from three stations - Liverpool Street, Old Street and Shoreditch High Street, covering lines and links in most directions.

Terms

Available by way of a new effective full repairing and insuring lease, for a term to be agreed and to be contracted 'outside The Act'.

Initial Rent

£45,000 per annum exclusive (+VAT)

Service Charge

Estimated at £1,224 (+VAT) for the current year.

Business Rates

The Valuation Office Agency webisite lists the 2023 Rateable Value as £46,500. Notional Rates Payable for 1st April 2024 to 31st March 2025 are estimated at £23,203. 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 £5,800 for the year. Interested parties are advised to seek confirmation from the London Borough of Hackney.

Buildings Insurance

Estimated at £445 for the current year