The subject property comprises of ground floor and basement. The ground floor has previously been used for banking purposes and includes ancillary storage, toilets and a staff room. Tenure The property is held on an existing FRI lease due to expire on 25 March 2028 at a passing rent of £30,000 per annum exclusive, with a tenant break option scheduled for 25 March 2023. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Legal costs Each party is to be responsible for their own professional costs incurred in relation to this transaction. Subject to contract. Rates We are informed by the Local Rating Authority that the current Rateable Value of the unit is: £65,500. The UBR for 2019/2020 is 50.4p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.Less
Bow is a London Borough of Tower Hamlets in East End of London, located between Bethnal Green and Stratford. The premises is situated in a prominent location adjacent to Bow Church Station.