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71 Chapel Market 765 SF of Assignment Available in London N1 9ER
ASSIGNMENT HIGHLIGHTS
- Re-construction works in Chapel Market have recently been completed
- Angel Station is a 5 minute walk away
- Situated towards the Liverpool Road end of Chapel Market
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 765 SF | Sep 2032 | $52.49 /SF/YR $4.37 /SF/MO $40,153 /YR $3,346 /MO | Fully Repairing & Insuring |
Ground
A ground floor restaurant within Chapel Market, in Islington, and residential premises. Facilities in the shop include customer male and female WCs with wash hand basins. There is a glazed frontage and tiled floors, and ceilings with modern lighting. There is metal roller shutter door. The unit is well decorated and in our opinion, is in good condition. Re-construction works in Chapel Market have recently been completed by Islington Council, with new paving, hard landscaping and other improvements. The popular street market opens 6 days/week (Tue-Sun). Loading is possible in the hours outside 8:30AM to 11:00AM on Mon, and 9:45AM and 7PM Tues-Sun. Being offered by way of an assignment of a 20 year renewable lease ending 28 September 2032, inside the protection of the 1954 Act, for the ground floor shop and first and second floor domestic accommodation. Current rateable value (1 April 2023 to present) £24,000. Rates payable of £11,976 per annum for 2024/2025. The Retail, Hospitality and Leisure (RHL) Relief scheme in England and Wales is set to end on 31 March 2026. Rates relief is currently 40%, subject to the relevant criteria being met. For further information, contact Islington Council. The shop is fitted with a commercial kitchen extractor and counter. An assortment of catering equipment is available by separate negotiation.
- Use Class: E
- Assignment space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- High Ceilings
- Secure Storage
- Recessed Lighting
- Automatic Blinds
- Energy Performance Rating - D
- Demised WC facilities
- Smoke Detector
- Facilities in the shop include m/f WCs
- Glazed frontage and tiled floors
- Offers invited for benefit of renewable lease
- Cafe with domestic accommodation
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
SELECT TENANTS AT 71 CHAPEL MARKET, LONDON, LND N1 9ER
- TENANT
- DESCRIPTION
- UK LOCATIONS
- REACH
- Star Express
- Services
- 1
- -
| TENANT | DESCRIPTION | UK LOCATIONS | REACH |
| Star Express | Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 765 SF | Gross Leasable Area | 765 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 765 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 765 SF |
| Year Built | 1900 |
ABOUT THE PROPERTY
UNDER OFFER. 71 Chapel Market comprises a three-storey property of masonry construction offering retail accommodation on the ground floor and residential accommodation on the first and second floors. The property is situated towards the Liverpool Road end of Chapel Market, in Angel, Islington. Nearby anchor tenants include Marks & Spencer, Waitrose, McDonalds, JD Sports, Superdrug, Betfred, H&T Pawnbrokers, Greggs, CeX and there is a produce, fish and household goods street market, and other numerous shops. The Angel, and Upper Street is nearby and Angel Station is a 5 minute walk away.
- Restaurant
- Security System
- Signage
- Storage Space
- Smoke Detector
Presented by
71 Chapel Market
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