Property Valuation
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£40,000.00 per annum

Unit 1 Lexington Building, 40 City Road

London, EC1Y 2AN

The Space

City edge retail/office opportunity

At a glance

Property Type Retail
Tenure To Let
Size 1,604 sq ft
Rent £40,000.00 per annum
Business Rates Upon Enquiry
Service Charge To be confirmed
Energy Performance Rating This property has been graded as D (99)

Old Street
2 mins


Moorgate
8 mins


Liverpool Street
10 mins


Shoreditch High Street
10 mins


Old Street
2 mins


Moorgate
8 mins


Shoreditch High Street
9 mins


Liverpool Street
10 mins


Key Points

  • Ground floor sales area - 447 sq ft + Basement 1157 sq ft
  • Close to Old Street Station
  • Open-plan layout
  • New lease - available summer 2023
  • Rent, £40,000 per annum exclusive
  • Ideal for a range of retail occupiers
  • Location undergoing significant redevelopment.
  • High commuter footfall

Description

Unit 1 - Lexington Building.
The Lexington Building is a modern mixed use development - a mix of residential flats and three commercial units. The unit is located just south of Old Street Station which is undergoing significant redevelopment. A number of new mixed use commercial/residential developments are in close proximity and this section of City Road also benefits from high commuter footfall - the unit is located opposite Pret A Manger and close to a Sainsbury Metro store

The unit is divided over ground floor and basement with a single fully glazed frontage. The ground floor comprises 447 sq ft and the basement measures 1157 sq ft which means a total of 1604 sq ft of space. This is an ideal City retail/office/showroom opportunity.

The rent is £40,OOO per annum plus VAT, a new lease is available from summer 2023. The lease terms are a minimum 3 month rent deposit plus
service charge TBC - plus VAT and business rates TBC.

The Location

This is an ideal opportunity to secure a commercial unit in a developing edge of City location. The unit is located on City Road (A501), just south of Leonard Street and Old Street Station. Shoreditch/Hoxton, Finsbury Square & Moorgate are all within an approximate 5-10 minutes walk.

£40,000.00 per annum