Property description
We are proud to offer this Lease Assignment for a fantastic A3 café situated in the popular area of Canary Wharf E14 the financial district of London. Located in the middle of a number of office blocks and residential units this property attracts a large number of customers throughout the day. There are 4 stations located 0.9 of a mile from the property such as Blackwell, Mudchute, Crossharbour and South Quay Station which is of eye sight from the property. Canary Wharf DLR is situated a short 5 minute walk from the property such is the famous 1 Canada Square.
The property boasts a luxurious feel fitting into the environment of the Canary Wharf City lifestyle, with 12 seat covers outside the property which proves a great hit during the summer you are able to look over into the canary wharf river while having a nice coffee or latte. A successful cafe property has been in business for the past 14 years. A 52 storey – development construction is due to start opposite the property. This is a major advantage to the property as this will without doubt generate a healthy amount of business. Offering a spacious interior with over 851.36 sq. ft. (approx.) of space and 19 seat covers the property has potential to host a large number of customers. The property boasts a very large glass front of over 30 ft. filling the interior with natural sun light and ensuring maximum exposure. With ample storage space and a number of high quality fittings such as a large sandwich counter. Our client seeks to offer this (renewable) lease with 5 years remaining at a price of £75,000 for goodwill fixtures. The rental figure for this property stands at £16,000 per annum.
ACCOMMODATION
Shop Front: 34 ft. (approx.)
Glass Fronted the shop front offers a great deal of natural light to flood the property as well as ensuring maximum exposure.
Shop Floor: 34 ft. x 25.04 ft.
Office Room: 6 ft. x 7 ft.
Storage: 8.89 ft. x 7 ft.
Toilet: 10.27 ft. x 5.70 ft.
TOTAL: 815.36 sq. ft. (approx.)
TENURE
Lease Assignment – Our client wishes to assign the lease with 6 years remaining. The lease in question is an open renewable lease.
Premium
Our Client seeks a premium of £75,000 for goodwill, fixtures and fittings.
Rent
The Rent is currently £16,000 per annum.
Rates
The rates are £4800 per annum however we advise interested parties to make their own enquires with the local authority.
Legal Fees
The incoming tenant is to bear all legal cost including the sellers.
Viewings strictly by prior appointment
Property Features :
- Glass Fronted over 20 ft.
- Busy Location
- Situated in Canary Wharf
- 5 Minute Walk to Canary Wharf Station
- 0.3 Miles from South Quay Station