PRIME SHOP LEASE FOR SALE

The property comprises a 3-level shop and provides for the following principal dimensions and net internal areas: Tenure The shop is held on a lease for a term of 15 years expiring on 23 June 2019.  The lease is contracted within the security of tenure and compensation provisions of the Landlord & Tenant Act 1954 Part II. Rent £517,500 per annum exclusive Premium Premium on application. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £500,000 and the rates payable, after transitional relief, are £242,580.76. 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

Regent Street is widely considered the UK's premier shopping district.  The shop is located on the east side of the street close to Oxford Circus and the new Microsoft Global Flagship store. Other nearby retailers include & Other Stories..., Omega, Kiko, Canada Goose and Apple.  A street traders plan is on the reverse of these particulars.
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Sizes and Measurements

Total Size

3,174sqft

Sales Area

1,949sqft

Sales Width

19 ft 8 in

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

854sqft

Status

Available

Available from

Now

Mezzanine Level

Details

Retail

Size

1,095sqft

Status

Available

Available from

Immediately

Basement

Details

Non-Sales

Size

1,225sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

23/06/2019

Lease type

Assignment

For rent

£517,500/pa

UBR

49.9p

Ratable Value

£500,000.00

Business Rates

£249,500/pa

Specification

  • Substantial premium offers invited
  • Use Class A1

Floorplan

Photos

LONDON REGENT STREET 254.PIC

Map Data
Map data ©2018 Google
Map DataMap data ©2018 Google
Map data ©2018 Google
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