Property description
This is an excellent opportunity to acquire two separate businesses on a busy High Street. These units are on one head lease and comprise of ground floor retail space. The High Street is occupied by well known household names such as Iceland, Greggs and Papa Johns. We have been advised by our client that unit 205 generates turnover of approx. £70,000 per annum and unit 207 approx. £10,000 per week. These units are suitable for someone who would like to take over these businesses. Otherwise, it is suitable for various A1 retailers.
The units are located on Hoxton Street market, 0.3 miles from the Hoxton Overgournd station. The area is easily accessible by car via A10 and A5201.
AccommodationGround floor:
Width/Frontage: 46” approx
Depth: 30“approx
Ground floor size: 1380sqft approx
Total accommodation size: 1380sqft approx
Lease Term/Commencement Our client wishes to assign the original lease, which has 11 years remaining.
Rent £26,700 per annum.
Premium New Premium: £125,000
Legal Fees/Cost Each party is to bear their own legal cost.
RatesWe have been advised by our client that current business rates payable are £11,000 per annum. All interested parties are encouraged to make their own enquiries with London Borough of Hackney.
ViewingsBy prior appointment through multi selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057
Disclaimer
Ranson UK Limited their clients and any joint agents give notice that:
1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Ranson UK Limited have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
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Property Features :
- Double fronted retail unit
- Busy High Street
- High footfall
- Two separate businesses
- PREMIUM REDUCTION!!!