97 LEATHER LANE, LONDON - EC1, 1002 SQ. FT.
FOR SALE £800,000
Retail for sale - 97 Leather Lane, London, EC1, 1002 SQ. FT.
- Popular retail location
- Close to junction with Clerkenwell Road
- Ground floor and basement
- Not elected for VAT
The property is prominently situated on the west side of Leather Lane occupying a busy trading position and close to the junction with Clerkenwell Road. The ever popular Leather Lane street market provides excellent footfall. Farringdon and Chancery Lane Stations are within a five minute walk.
The property comprises a retail shop and basement currently let on a licence agreement to The Idle Man, subject to a mutual option to determine at three months notice.
The basement can be self contained with access from the common parts and income is likely to be maximised from carrying out separate lettings of the ground floor and basement. It may also be possible to obtain a residential change of use to the basement (STP). The upper parts comprise three flats, each sold off on 189 year leases at peppercorn rents from 1999.