An opportunity to take over a prime unit on New Bond Street
The premises are arranged over ground and basement floors and comprises the following approximate net internal areas and dimensions: Tenure The unit is available by way of an assignment of the existing lease which expires in March 2035. That lease is drawn on full repairing and insuring terms, with 5 yearly rent reviews and is inside the protection of the Security of Tenure provisions of the Landlord & Tenant Act 1954. Passing Rent £2,316,000 per annum exclusive Premium Details available upon application. Rates We understand from the VOA website that the premises have a current Rateable Value of £1,500,000 with rates payable of £786,000. The UBR for 2019/2020 is 52.4p. Interested parties are advised to make their own enquiries with the Local Rating Authority.Less
New Bond Street is one of the leading luxury thoroughfares in the world and is home to some of the world's most exclusive brands. Considerable landscaping improvements have recently been undertaken on the street including streetscaping and a widening of the pavement, both of which have greatly enhanced the shopping environment. The proposed opening of the Elizabeth Line station at the northern section of New Bond Street will further enhance the location, as will the opening of both an LVMH Cheval Blanc Hotel and a new Mandarin Oriental Hotel.