Fully Licensed Commercial Property LEASEHOLD PRIME LOCATION NO PREMIUM!
City of London, LondonRent: £5,417 per month
Status:
FOR RENT
Date Submitted:
07/05/23
Advert ID:
1259
Business Details
This is an excellent opportunity to purchase a lease to a fantastic commercial property, located in the heart of Farringdon, EC1.
This excellent commercial property is situated in a busy parade of shops, with a high level of foot fall and passing traffic. This self contained unit is currently a locked shop which is ready for a full interior fitout.
The premises is arranged over two floors, the first floor has direct access to the property from the street level, which comprises of an entrance with existing gas, water, and electricity connections, towards the back of the ground floor there is a seating area for customers with high ceilings, tiled floors and two sky light windows.
The lower ground floor of the property comprises of a male and female separate W/C's, with baby friendly changing area, alongside to a generous space, which was a kitchen and a preparation area.
The property is a stone throw away from Exmouth Market, Royal Mail's head office know as Mount Pleasant, which is next to a brand new housing development being built now, which will house thousands of new tenants moving in to the immediate area.
Walking distance to all major over ground and underground tube stations, Farringdon Station, Russell Square, Chancery Lane, and Kings Cross St. Pancras national and international.
Excellent connections via the new Elizabeth line which has opened last year, which has rail connections from Essex straight into Farringdon from the east, and Heathrow straight into Farringdon from the West. A brand-new premier inn hotel being built a stone throw away from the property, which will include brand new commercial offices below.
Particulars -
•Lease: Brand new 10 years lease.
•E License: For cooking premises and alcohol license is until 12pm.
•Demise - Ground and lower ground floor only.
•Rent review: Every 5 years.
•Business rates: Approximately around £750 PCM
•5 Minute walking distance to Farringdon station.
•Potential rent-free period available.
•Rent: £65k pa.
•Premium: £0.
•Legal cost – Each party will bear their own legal costs.
This excellent business opportunity is available immediately.
Key Features
Listing Statistics
Contact the seller of more details, or booking a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.