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9-13 Cowcross Street (bsmt), Cowcross Yards

LOCATION

Located less than 60 metres from Farringdon Station, Cowcross Street is diverse mix of grab & go occupiers, restaurants, showrooms and warehouse-style office space. The Cowcross Estate consists of commercial units fronting onto Cowcross Street, and through to Cowcross Yards, accessed via walkways from Cowcross Street, St John Street and Britton Street. Cowcross Yards also host KERB street food market at various points throughout each week.

Farringdon is a historic Central London neighbourhood, synonymous with characterful buildings and winding streets, occupied by national and international home interior showrooms, best in class food & beverage and retail operators and an abundance of creative and tech office occupiers.

The historic Smithfield Market is located at the top end of Cowcross Street and forms part of the Culture Mile, which extends to Moorgate and Barbican within the City of London. The site has been earmarked as a significant redevelopment for a number of years, with a view to it becoming the cultural hub of the City of London. Latest plans show the redevelopment will comprise of a food hall, concert venue and exhibition space, along with the relocation of the Museum of London to West Smithfield.

TENURE

A new lease for a term to be agreed.

RENT

£85,000 per annum exclusive.

ACCOMMODATION

Fully Fitted as an F45 Gym, the premises are arranged over basement floor accessed from Cowcross Yards with the following approximate areas:

Basement floor 2,932 sq ft 272.39 sq m

There is the potential to include the ground floor of 1,918 sq ft.

RATES (2022/23)

Rateable Value: £66,500
Rates payable (UBR multiplier: £0.532): £35,378
Future RV (from 1 April 2023) £89,500

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

USE

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.