SHOP LEASE FOR SALE

The property is arranged over ground floor sales and basement ancillary space.  It provides the following approximate dimensions and areas: Tenure The existing lease is drawn on full repairing and insuring terms for a term to expire in June 2023 on a standard Cadogan contract, outside of the Security of Tenure and Compensation Provisions of the Landlord & Tenant Act 1954 Part II (as amended). Rent £450,000 per annum exclusive. Incentives Incentives available, subject to covenant status. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £475,000 and the rates payable are £237,025 pa. The UBR for 2017/2018 is 49.9p. This figure may be subject to transitional relief and interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The premises occupy a prominent corner position on the southern side of Kings Road, within the Duke of York Square. The store sits diagonally opposite Peter Jones and is in close proximity to Sloane Square.  Adjacencies include LK Bennett, Cos, Space.NK, Whistles, Taschen and is opposite Lululemon. The store is also very close to the Saatchi Gallery and recent openings on Kings Road include Massimo Dutti, Bimba & Lola and Gerard Darel.
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Sizes and Measurements

Total Size

2,305sqft

Sales Area

1,155sqft

Gross Frontage Width

26 ft 2 in

Return Frontage Width

39 ft 3 in

Shop Depth

45 ft 4 in

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,155sqft

Status

Available

Available from

Now

Basement Sales/Store

Details

Non-Sales

Size

1,150sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Available from

Immediately

Lease End

23/06/2023

Rent Review Cycle

5

Lease type

Assignment

For rent

£450,000/pa

UBR

49.9p

Ratable Value

£475,000.00

Business Rates

£237,025/pa

Service Charge

£15,285/pa

Floorplan

Photos

LONDON - 11-15 DUKE OF YORK

Map Data
Map data ©2017 Google
Map DataMap data ©2017 Google
Map data ©2017 Google
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