LOCATION

The unit is located in a prominent position in the prime section of Cheapside at the corner of Gutter Lane, close to St Paul’s London Underground Station and opposite One New Change.

Nearby occupiers include Starbucks, Pret A Manger and Leon.

TENURE

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

RENT

£175,000 per annum exclusive.

ACCOMMODATION

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

The unit has the following approximate dimensions and areas:

Width                 22 ft 8 ins         6.91 m
Depth                 69 ft 6 ins        21.19 m
Ground floor     1,679 sq ft       155.98 sq m
Basement          1,433 sq ft       134.05 sq m
TOTAL               3,122 sq ft       290.04 sq m

RATES (2022/23)

Rateable value:                                               £207,000
Rates payable (UBR multiplier: £0.544):  £112,608
Future RV (from 1 April 2023)                    £240,000

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.