Retail premises to let

16 Wentworth Street, London E1

Location


The property is prominently situated on Wentworth Street by the junction with Middlesex Street, five minutes walk from Spitalfields Market, 5 minutes walk from Brick Lane and 7 minutes walk from Liverpool Street station.
Description


Comprising an attractive, open plan ground floor unit with additional basement accommodation. The premises has been newly refurbished throughout and benefits from excellent floor to ceiling height, usable basement, mechanical shutter, ample storage and WC.
Area


All areas stated approx.
Ground floor 350 sq ft
Basement 350 sq ft
total 700 sq ft
Amenities


* Desirable location
* Newly refurbished
* Open plan
* Excellent floor to ceiling height
* Good natural light
* Mechanical shutter
* No VAT
* WC
Use


Retail
Rent


Assignment of lease dated 11th November 2024 for a term of 5 years, passing at an annual rent of £27,000 pax, increasing to £30,000 pax from 11th November 2026 and the higher of open market rent and £31,500 pax from 11th November 2027.
There is a tenant only break clause on 11th November 2027.
Business rates


We understand the Rateable value of the property is £21,500. This is not the business rates that you pay.
You pay rates based on the uniform business rates percentage, currently 49.9%. We understand rates payable is therefore £10,729 per annum.
However we further understand that 40% rates reduction is available to qualifying tenants under the Retail, Hospitality and Leisure Relief scheme.

Interested parties are advised to make their own enquiries to verify this information, and check they are eligible.
VAT


The property is not VAT elected - VAT is not charged by the Landlord on outgoings.
EPC


C/63
Premium


£15,000 for leasehold interest and fixtures and fittings.
Viewing


Strictly by appointment through agents
Jarvis Keller