SHOP LEASE FOR SALE

The unit is arranged over ground floor and basement and provide the following approximate dimensions and areas: The first, second and third floor offices have all been sublet and provide an income to the shop tenant of £141,198.75 per annum. Tenure The unit is held on a lease expiring 24 December 2023, subject to rent review 18th December 2018.  The lease is contracted inside the Landlord & Tenant Act 1954. Rent £302,000 per annum exclusive Premium Offers invited. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £290,000 and the rates payable are £144,710. The UBR for 2017/2018 is 49.9p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The property occupies a prominent location on the east side of Langley Court, which connects Long Acre and Floral Street in the heart of Covent Garden.  The unit dominates Langley Court which leads to CapCo's Kings Court & Floral Street development which will provide circa 45,000 sq ft f retail and restaurant space. Nearby retailers include Paul Smith, Ted Baker, Bloom Beauty Saloon, Aspinal, Diptyque and Radley.
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Sizes and Measurements

Total Size

2,545sqft

Sales Area

1,357sqft

Gross Frontage Width

65 ft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,357sqft

Status

Available

Available from

Now

Basement

Details

Non-Sales

Size

1,188sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Available from

Immediately

Lease End

24/12/2023

Next Rent Review

18/12/2018

Lease type

Assignment

For rent

£302,000/pa

UBR

49.9p

Ratable Value

£290,000.00

Business Rates

£144,710/pa

Specification

  • Shop lease for sale

Floorplan

Photos

LONDON COVENT GARDEN LANGLEY PLACE 1-4

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