AVAILABLE BY WAY OF ASSIGNMENT / NEW SUBLEASE
The store is available as a whole or in part comprised as follows: Option 1 - Assignment of Whole Option 2 - Sublease of Part Gross Frontage 6.3 m 20 ft 6 ins Net Frontage 5.9 m 19 ft 2 ins Ground Floor 210 sq m 2,258 sq ft Lower Ground 351 sq m 3,780 sq ft Total 561 sq m 6,038 sq ft Tenure Option 1: The premises are available by way of assignment of an existing 25 year full repairing and insuring lease expiring 25 March 2035. The next rent review is on 25 March 2020. The lease is contracted inside the security of tenure provisions of the Landlord & Tenant Act 1954. Option 2: The newly created unit will be offered on a new sub-lease for a term to be agreed, up to 2035. There will be a rent review in March 2020, in line with the Head Lease, and 5 yearly thereafter. The sub-lease will be contracted outside the Landlord & Tenant Act 1954. Rent Option 1: Passing Rent: £2,316,000 per annum exclusive Option 2: £1.65 million per annum exclusive Rates The rates will need to be re-assessed upon completion of any division works.Less
The shop occupies a prominent position on New Bond Street, adjacent to Delvaux and Emporio Armani, opposite Canali, Pal Zileri, Agnoma. Other nearby retailers include Breitling, Smythson, Bally Shoes, Dolce & Gabanna, Church hoes and Marc Jacobs. Transport links are excellent with Bond Street and Oxford Circus Underground Stations being close by. There are also numerous bus routes on Oxford Street and Regent Street.