Middlesex Street City Of London
£30,000 pa Long Let
Prominent and well-established retail destination close to Devonshire Square and well-known retail / leisure brands. Close to new landmark developments including 100 & 22 Bishopsgate, 40 & 100 Leadenhall, One Undershaft and 70 St Mary Axe. These schemes alone will add circa 5.5m sq. ft. to the area. Well configured regular floor plates over multiple floors.
The property is located in the Portsoken ward of the City of London, near to Aldgate and just south of Devonshire Square. The unit forms part of the Middlesex Street Estate, a large mixed-use scheme built in the 1960s for the City of London Corporation.
The unit is well situated on the main thoroughfare of Middlesex Street and close to St Botolph Building, home to a number of major insurance brokers. The stations of Liverpool Street, Aldgate and Aldgate East are within short walking distance. The unit is also situated close to a large Travelodge Hotel at 1 Harrow Place.
The immediate vicinity attracts a diverse mix of local and national retail and leisure occupiers, including Eat, Haz Restaurants, Puregym, Hummingbird Bakery, Cotsworld Outdoor and Honest Burgers.
DESCRIPTION The premises comprise a ground and first floor lock up shop. A stair core is situated to the rear providing access between floors. The unit benefits from an external roller security shutter door.
Rent £30,000 per annum exclusive
Service charge TBC
Business Rates Rateable value 2017/2018 - £14,500 Payable approx. £6,757 per annum
Legal Costs Parties to bear their own legal and professional costs
LEASE A new lease is being offered direct from the landlord. The lease is to be held outside the security of tenure provisions of the Landlord & Tenant Act 1954. The property is available on a 10-year term subject to a mutual rolling break option after the 5th year.
USE The unit benefits from Class A1 use and would suit café or retail occupation. The Lessor would consider alternative uses such as A3, D1 or D2, subject planning and any other necessary consents.