LOCATION
Located on the northern side of Compton Street, located by the junction of St John Street, comprising a busy residential and commercial area with high footfall. Farringdon underground station is a 9-minute walk away (0.4 miles), and Barbican underground station is also approximately an 11-minute walk away (0.7 miles); however, the area is well sought after with various transport links nearby.
The property is situated within a conservation area & is a grade II listed building.
DESCRIPTION
The premises are arranged over basement, ground, first, and second-floor levels, with access via Compton Street.
The basement floor comprises one room, suitable for storage.
The ground floor features a retail area to the front (currently trading as a hairdresser), with a WC and patio area to the rear.
The first floor comprises one main room and a kitchenette, also dedicated to the hairdressing business.
The second floor comprises two additional rooms. This floor could also be used for residential purposes (with Council Tax payable), as the building benefits from a multipurpose use clause (subject to owner's consent).
ACCOMMODATION
Total Area: 1,267 Sq Ft / 117.7 Sq M
AMENITIES
Freehold Sale
Good Decorative Order
Prominent Position
Prime Central Location
TERMS
Freehold Sale
OUTGOINGS
Prospective tenants are advised to make their own enquiries with the Local Authority.
VAT
The sale is subject to VAT. However, there is a possibility that VAT will not apply if the transaction is structured as a Transfer of a Going Concern (TOGC). This treatment would require the buyer to maintain the current tenant for a minimum period (which can be arranged) and satisfy all other necessary TOGC conditions.
LEGAL COSTS
Each party to bear own legal costs.
VIEWING
Strictly via the Landlord's agent, Drivers and Norris.
Tenure: Freehold
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