Retail for sale

62 Fleet Street EC4

Current Gross Rent Reserved at £53,500 pa

The ground floor trades as a Vietnamese A5 takeaway with ancillary accommodation and WC to the basement

Gross frontage: 15' 5" Net frontage: 12' 11" Shop & built depth 15' 9"

Representing a gross yield of 4.28% at GBP1.25M

Held for a term of 999 years from 25th March 2003 at a ground rent of £200 per annum. The ground rent will double in 2028 and thereafter double every 25 years until 150 years from commencement

Let to Foomum Fleet Street Limited for a term of 15 years with no break clause from 5th September 2014 at a current rent of £53,500 per annum

The lease provides for rent reviews every fifth year of the term to the higher of open market rent or the current rent increased by RPI

The lease contains effectively full repairing and insuring covenants by way of service charge. In-place security package includes 6 months rental deposit and 2 personal guarantees from current and prior

62 Fleet Street, London EC4Y 1JU

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Units & floor plans

Floor Size
Ground Floor
221
20.53
Basement Preparation
183
17.0
Pavement Vaults Store
62
5.76
Totals
466
43.29

* All floor areas subject to measurement on practical completion

Find out more information about this building's development and technical spec.

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Transport

Airports

London City 7.0m, London Heathrow 15.4m, London Gatwick 25.5m

National rail

City Thameslink 0.2m, London Blackfriars 0.3m, Farringdon 0.4m

Tube

City Thameslink 0.2m, Blackfriars 0.3m, Temple 0.3m

Further information

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Property marketed by:

40 Great Eastern Street, London EC2A 3EP
Stirling Ackroyd
Quote reference: RENT-29175

EC4 - Virtual Freehold A5/Take-away Commercial Investment

£1,250,000

Important Notice: Stirling Ackroyd (and their Joint Agents where applicable) for themselves and for the vendors or lessors of this property for whom they may or may not act, give notice that:(i) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of any offer or contract; (ii) Stirling Ackroyd cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must rely on them as statements of fact or representations and must satisfy themselves as to their accuracy; (iii) no employee of Stirling Ackroyd (and their Joint Agency where applicable) has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property; (iv) rents, prices and premiums quoted in these particulars may be subject to VAT in addition: and (v) Stirling Ackroyd will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.