100-102 Hoxton Street

At a glance

Key Points

• Ideal for a range of restaurant/bar occupiers
• Lease Assignment - Premium £75,000
• Annual Rental - £45,000 per annum
• Prominent triple frontage and good standard of existing fit-out
• Licensing hours : 10am to 11pm - Sunday to Thursday and 10am to Midnight Friday to Saturday

Description

This is a great opportunity to secure a restaurant/bar in central Hoxton.

The units have a good current level of fit-out with fitted kitchen & bar areas. The units also benefit from rear loading.

Annual Rental/Lease Terms/Costs/Premium ; Rent £45,000 per annum, 7 year renewable lease term (expiring April 2031) with a tenant only 6 month break clause - Next rent review is in April 2028. The new tenant will need to provide a 3 month rent deposit and rent will be due quarterly in advance. The lease assignment is subject to a premium of £75,000

We have been advised rent is not subject to VAT.

Licensing hours : 10am to 11pm - Sunday to Thursday and 10am to Midnight Friday to Saturday. The Landlord for this property is the London Borough of Hackney

The incoming tenant will be liable for their own legal costs as well the Landlords costs

Available area

The accommodation comprises the following areas:

The Location

100-102 Hoxton Street is located at the southern end of Hoxton Street - close to the junction with Falkirk Street

Hoxton & Shoreditch remain established hubs for the restaurant & bar sector.

Hoxton, Shoreditch High Street and Old Street stations are all within walking distance of the unit and various bus routes can be easily accessed from Old Street which is 5 minutes walk