Unit 1 Lexington Building, 40 City Road
London, EC1Y 2ANThe 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.