£27,000 pa
(£38.57/sq. ft. pa)
Retail premises to letWentworth St, London E1
700 sq. ft
About this property
Outstanding height from floor to ceiling
No VAT is due.
Useful space in the basement
In this busy and sought-after East London location, the unit is ideal for retail
Location:
In the center of a bustling and highly desirable trading district, the property holds a prominent position on Wentworth Street at the intersection with Middlesex Street.
Excellent foot traffic and transport connectivity are provided by its proximity to Old Spitalfields Market (approximately 5 minutes), Brick Lane (approximately 5 minutes), and Liverpool Street station (approximately 7 minutes).
Description:
The property includes a ground floor retail space that is open and appealing, as well as additional space in the basement. The recently renovated space offers the following advantages:
Excellent natural light
Shutter for mechanical security
Plenty of storage
restrooms
Accommodation (Approximate):
Ground Floor: 350 sq ft
Basement: 350 sq ft
Total: 700 sq ft
Tenure:
Assignment of an existing lease dated 11th November 2024 for a term of 5 years.
Current rent: £27,000 per annum exclusive
Increasing to £30,000 per annum from 11th November 2026
From 11th November 2027: Higher of open market rent or £31,500 per annum
Tenant-only break clause on 11th November 2027.
Premium:
£15,000 for the leasehold interest and fixtures & fittings.
Business Rates:
Rateable Value: £21,500 (this is not the amount payable).
Based on the current uniform business rate (49.9%), rates payable are approximately £10,729 per annum.
A 40% reduction may be available to qualifying tenants under the Retail, Hospitality and Leisure Relief Scheme. Interested parties are advised to make their own enquiries to confirm eligibility.
VAT:
The property is not VAT elected. VAT is not charged on rent or outgoings.
EPC
Rating: C (63)
In the center of a bustling and highly desirable trading district, the property holds a prominent position on Wentworth Street at the intersection with Middlesex Street.
Excellent foot traffic and transport connectivity are provided by its proximity to Old Spitalfields Market (approximately 5 minutes), Brick Lane (approximately 5 minutes), and Liverpool Street station (approximately 7 minutes).
Description:
The property includes a ground floor retail space that is open and appealing, as well as additional space in the basement. The recently renovated space offers the following advantages:
Excellent natural light
Shutter for mechanical security
Plenty of storage
restrooms
Accommodation (Approximate):
Ground Floor: 350 sq ft
Basement: 350 sq ft
Total: 700 sq ft
Tenure:
Assignment of an existing lease dated 11th November 2024 for a term of 5 years.
Current rent: £27,000 per annum exclusive
Increasing to £30,000 per annum from 11th November 2026
From 11th November 2027: Higher of open market rent or £31,500 per annum
Tenant-only break clause on 11th November 2027.
Premium:
£15,000 for the leasehold interest and fixtures & fittings.
Business Rates:
Rateable Value: £21,500 (this is not the amount payable).
Based on the current uniform business rate (49.9%), rates payable are approximately £10,729 per annum.
A 40% reduction may be available to qualifying tenants under the Retail, Hospitality and Leisure Relief Scheme. Interested parties are advised to make their own enquiries to confirm eligibility.
VAT:
The property is not VAT elected. VAT is not charged on rent or outgoings.
EPC
Rating: C (63)
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