Overview

Retail Unit to let

LEASE FOR SALE

The premises are arranged over ground floor and basement levels and provide the following approximate areas: Tenure The store is currently occupied as a newsagents and is held on an existing full repairing and insuring lease for a term of 10 years expiring 24 March 2023.  The Lease is contracted inside the Security of Tenure and Compensation provisions of the Landlord & Tenant Act 1954. Rent £97,500 per annum exclusive Premium Offers in the region of £200,000 for the benefit of the leasehold interest. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £67,000 and the rates payable are £33,768. The UBR for 2019/2020 is 50.40p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
Less

Location Description

Beak Street is situated in the heart of Soho, in a high footfall location, close to the junction with Carnaby Street.  Nearby retailers include Polpo, Moscot, Sweaty Betty, Rag & Bone, Ganni, ba&sh and PS by Paul Smith.  Samsoe + Samsoe are soon to open in the adjacent unit.

Sizes and Measurements

Total Size

831sqft

Sales Area

493sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

493sqft

Status

Available

Basement Ancillary

Details

Non-Sales

Size

338sqft

Status

Available

Lease Information & Charges

Lease End

24/03/2019

Lease type

Assignment

For rent

£97,500/pa

UBR

50.4p

Rateable Value

£67,000.00

Business Rates

£33,768/pa

Floorplan

LONDON - 45 BEAK STREET

Photos

LONDON - 45 BEAK STREET
×
Chat now