A prime investment opportunity in the heart of Shoreditch. This ground floor and basement commercial unit is occupied by Facazz Ltd, a bakery operator, trading under Class E use. The unit is positioned in a high-footfall area with excellent frontage on Hackney Road, a key retail and hospitality corridor.
The property is well-presented and benefits from a recent tenant fit-out suitable for food and beverage use. The configuration includes trading space at ground level with ancillary and prep space in the basement. Positioned moments from Hoxton Station and Columbia Road, this is an ideal passive investment with potential for long-term capital appreciation in a regenerating area.
This is an attractive hands-off investment with immediate rental income and strong covenant strength from an established food operator.
The area is surrounded by Boutique Style Retailers, Coffee shops, Upmarket Restaurants, Bars & Nightclubs.
Leasehold Details:
999 year lease
Service Charge: £1,974.13 per annum
VAT: Vat applicable
Lease details:
Tenancy: 10-year Full Repairing and Insuring lease (FRI), outside the LTA 1954
Income: £30,000 per annum exclusive.
Rent Review: Open market rent review at Year 5 with 6 months' notice.
Break Clause: Mutual break at the end of Year 5, with 6 months' notice.
