PRIME EAST LONDON DISPOSAL
The premises are arranged over Ground Floor and Basement and provide the following approximate areas: Tenure Assignment of the existing lease which expires in October 2022. The lease is contracted outside the Security of Tenure provisions of the 1954 Landlord & Tenant Act (Part II) as amended. There is an outstanding rent review from October 2017 – Further details are available on request. Rent The passing rent is £140,000 per annum exclusive of rates, insurance and VAT (if applicable). Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £143,000 and the rates payable are £73,359 pa. The UBR for 2018/2019 is 51.3p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
The shop is prominently positioned in Old Spitalfields Market on the corner with Brushfield Street and Commercial Street. Nearby retailers include Cheaney, Bailey Nelson, Mac, Blixen, & Other Stories, Rapha and Chanel. Uniqlo are to open their East London flagship directly opposite.