Office to let in Electra House, Third Floor, 93A Rivington Street, London EC2A

Key Points

Description

The unit occupies the Third Floor of a converted furniture making warehouse. The unit benefits from opening windows front and back and is given character by the insulated vaulted ceiling. The units has a private toilet and a kitchen is installed. There seems to be potential for a shower to be installed also.

Location

The building is located on the north side of Rivington Street near its junction with Shoreditch High Street so right in the heart of the 'Shoreditch Triangle'. It is a busy mixed-use area occupied by many thriving creative and tech businesses and is well served by hotels, shops, amenities, transport, eateries and bars. Local stations are Old Street, Shoreditch High Street and Liverpool Street.

Terms

A new lease or flexible license on internal repairing terms direct from the freeholder, to be contracted 'outside The Act'.

Initial Rent

£19,000 per annum (+VAT) inclusive of service charge and buildings insurance contributions.

Business Rates

The Valuation Office Agency website shows that the 2023 Rateable Value of the premises is £14,250 with notional Rates Payable for 1st April 2024 to 31st March 2025 estimated at £7,110. Should the incoming tenant qualify for Small Business Rates Relief, this could be reduced to £5,333. Interested parties are advised to seek confirmation and relief advice from the London Borough of Hackney.