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Description

FOR SALE / FOR RENT RETAIL (A1) PREMISES WITH POTENTIAL FOR (A2 STP) ON HOXTON STREET

Location:
The premises are located on the western side of Hoxton Street on a prominent corner position. The area has benefited from regeneration in the past few years and Hoxton has now become a popular destination due to its wine bars, restaurants and nightclubs. The location benefits from good transport links with numerous bus routes running along Kingsland Road and Old Street (Northern & National Rail Lines) Station is approximately 2,000 meters from the premises.

Accommodation: (All measurements are approx)
The premises are arranged over ground floor & basement and provide the following approximate dimensions and floor areas.


Floor: Sq ft Sq m
Ground Floor Sales: 586 sq ft (54.4 sq m)
Basement: 600 sq ft (57.7 sq m)

Total: 1,186 sq ft (110.1 sq m)


Terms:
The Freehold is available to purchase, with the benefit of a ground rent from the residential unit above. We are quoting £215,000 (Two Hundred and Fifteen Thousand Pounds) for the freehold interest. More information is available on request.

Alternatively, the client will consider renting the premises at a rental £12,000 per annum exclusive.

Restrictive Covenants:
There are a number of restrictive covenants in regards to the uses of the shop, these include the following:

a) The preparation or sale of food.
b) The sale of alcohol.
c) As a betting office.
d) Any form of public entertainment.
e) As an amusement arcade.
f) Any purpose, which may cause disturbance between the hours of 10pm and 7am.


Business Rates:
From information gained form the Valuation Offices Website, the Rateable Value of the premises for 2008/2009 is £9,400. Therefore, the Rates Payable for 2007/2008 is approximately £4,342.80 per annum without small business rates relief.

All interested parties are advised to make their own enquiries.

VAT:
To be confirmed.

Viewing & Further Information:
For further information or an appointment to view, please contact Owners Sole Agents:

Goodsir Graham

020 7796 3796