Class E Unit To Let, Subject to Vacant Possession

LOCATION

The property is in a prominent position on the corner of Norton Folgate and Spital Square just to the north of Liverpool Street London Underground Station and close to Spitalfields.

Nearby occupiers include Pret a Manger, Galvin La Chapelle and All Bar One.

TENURE

A new lease is to be made available for a term to be agreed.

RENT

£195,000 per annum exclusive.

ACCOMMODATION

The premises are arranged over ground floor and basement levels, with an open and clear configuration. The unit is brought to market with the existing floor finishes and ceilings in situ. A more detailed handover specification can be agreed with any interested party.

The unit has the following approximate dimensions and areas:

Ground floor     2,810 sq ft       261 sq m
Basement          1,410 sq ft       130 sq m

RATES (2022/23)

Rateable value:                                               £105,000
Rates payable (UBR multiplier: £0,532):  £55,860
Future RV (from 1 April 2023)                    £126,000

All interested parties should verify the business rates with the relevant local authority.

USE

Use Class E effective from 1 September 2020. The premises benefit from the new Class E planning consent which will enable the premises to used for various commercial uses such as retail, restaurant, office and gym without the need for change of use.

VIEWING

By appointment with sole agents Stephen Kane & Company.

Kristian Kendall     kjk@stephenkane.co.uk | 07917 347 434
Ewan Stacy              es@stephenkane.co.uk | 07415 336 490