£30,000 pa
(£47.54/sq. ft. pa)
Retail premises to letGround Floor & Basement, 28 Cheshire Street, London E2
631 sq. ft
About this property
Lease assignment
£95K premium
Flexible retail, showroom, gallery or lifestyle space
Established retail destination
Short walk from Shoreditch High Street overground and Liverpool Street station
Attractive period building
426 sq ft rear outdoor space
Description
An excellent opportunity to acquire the leasehold interest of this attractive ground floor and basement retail unit, arranged within an attractive period building. The property provides well-configured accommodation over ground floor and basement levels, offering versatile retail space together with valuable ancillary storage.
The premises benefit from a private rear outdoor area extending to approx. 426 sq ft, providing a rare amenity space for occupiers in this location.
The unit is suitable for a variety of Class E uses, subject to the terms of the existing lease and any necessary consents, making it suitable for retail, showroom, gallery, lifestyle or similar operators.
Location
The property is situated on Cheshire Street, in the heart of Shoreditch, one of East London’s most established and vibrant commercial districts. Cheshire Street is renowned for its independent retailers, cafés, restaurants and creative businesses, with Brick Lane, Spitalfields and Shoreditch High Street all within close proximity. The area benefits from excellent transport connections, including Shoreditch High Street Overground Station, Liverpool Street Station and Aldgate East Underground Station.
Premium & Lease Terms
A premium of £95,000 is sought for the lease assignment, including the coffee shop business, fixtures, fittings and equipment. The lease runs for 10 years from 22 May 2026 until 2036. The lease is contracted outside the Landlord and Tenant Act 1954 and includes a tenant-only break option in May 2031, subject to 6 months’ notice. The rent is reviewed every 5 years on an upward-only basis to the higher of the passing rent or open market rent.
An excellent opportunity to acquire the leasehold interest of this attractive ground floor and basement retail unit, arranged within an attractive period building. The property provides well-configured accommodation over ground floor and basement levels, offering versatile retail space together with valuable ancillary storage.
The premises benefit from a private rear outdoor area extending to approx. 426 sq ft, providing a rare amenity space for occupiers in this location.
The unit is suitable for a variety of Class E uses, subject to the terms of the existing lease and any necessary consents, making it suitable for retail, showroom, gallery, lifestyle or similar operators.
Location
The property is situated on Cheshire Street, in the heart of Shoreditch, one of East London’s most established and vibrant commercial districts. Cheshire Street is renowned for its independent retailers, cafés, restaurants and creative businesses, with Brick Lane, Spitalfields and Shoreditch High Street all within close proximity. The area benefits from excellent transport connections, including Shoreditch High Street Overground Station, Liverpool Street Station and Aldgate East Underground Station.
Premium & Lease Terms
A premium of £95,000 is sought for the lease assignment, including the coffee shop business, fixtures, fittings and equipment. The lease runs for 10 years from 22 May 2026 until 2036. The lease is contracted outside the Landlord and Tenant Act 1954 and includes a tenant-only break option in May 2031, subject to 6 months’ notice. The rent is reviewed every 5 years on an upward-only basis to the higher of the passing rent or open market rent.
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