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Description

LEASE FOR SALE ORGANIC CAFE SHOP & 2 BED MAISONETTE

Location:

Exmouth Market is a thriving pedestrianised boutique retail street in Clerkenwell that has attracted numerous retailers over recent years, including Starbucks, Café Nero and Strada. The property occupies a prominent position on the south side of street and benefits from the affluent mix of residence and office workers close by.

Accommodation:

The premises are arranges over basement storage, ground floor retail, rear courtyard and a separate entrance leading to the 2 bedroom maisonette above the shop and provides the following approximate dimensions and floor areas:

Net Frontage: 17’ 9” (5.4 m)
Max Shop Depth: 30’ 7” (9.3 m)

Ground Floor Sales: 475 Sq Ft (44.1 Sq M)
Rear Kitchen/Office: 285 Sq Ft (26.4 Sq M)
Basement Storage (Not inspected): 450 Sq Ft (41.8 Sq M)

Total: 1,210 Sq Ft (112.4 Sq Mt)
Rear Yard Seating Area: 435 Sq Ft (40.4 Sq Mt)

2 Bed Maisonette
1st Floor Diner/Kitchen: 12’3” X 10’11”
Lounge: 16’2” X 12’2”
Landing: 5’11” X 11’10”
2nd Floor Master Bedroom: 13’9” X 16’
2nd Bedroom: 9’4” X 8’4”
Landing: 5’11” X 8’
Rear Yard: Not Measured


Amenities:

· Fully Fitted Café (Fixture and Fittings List Available Upon Request)
· Commercial Kitchen/Prep Area
· Walk In Cool Room
· Seating, c.20 covers
· DDA Compliant WC Facility
· Rear Courtyard For Customer Seating

A fixtures and fittings list is available upon request.

Terms:

The premises are to be made available by way of an assignment of an existing 25 years lease from April 2005, subject to 5 yearly rent reviews. The passing rental is £25,000 per annum exclusive. The lease is contracted inside the 1954 Landlord and Tenant Act.


Rental Income:

The 2-bedroom maisonette is currently rented out by way of a 12 month Assured Shorthold Tenancy Agreement at a rental of £19,800 per annum.

Premium:

Offers invited for the benefit of our clients leasehold interest, goodwill, fixtures and fittings.

Business Rates:

From information received from The London Borough Of Islington, the rates for 2007/2008 is as follow:

Rateable Value: £13,250.00
Rates Payable: £6,121.00

Viewing & Further Information:

For further information or an appointment to view, please contact Owners Sole Agents:

Goodsir Graham

020 7796 3796