PRIME SHOP LEASE FOR SALE

The property comprises a retail shop, trading under the Folli Follie brand and Links of London, on ground floor with first floor (which could be sales space) with the following approximate dimensions and net internal areas: Tenure We are instructed to sell the existing lease which is INSIDE the Act.  The term is 10 years from 11 July 2014 at a current rent of £875,000 per annum exclusive. Terms Offers invited. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £1,080,000 and the rates payable are £554,040 pa. The UBR for 2018/2019 is 51.3p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The footfall in this section of Oxford Street is extremely busy due to the Primark store being adjacent to Park House. National multiple retailers in the vicinity include Urban Outfitters, Swarovski, River Island and opposite Next, New Look Boots, Superdrug, Dune and Russell & Bromley.

Sizes and Measurements

Total Size

4,028sqft

Sales Area

1,919sqft

Return Frontage Width

15 ft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,919sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

2,109sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

10/07/2024

Next Rent Review

11/07/2019

Rent Review Cycle

5

Lease type

Assignment

For rent

£875,000/pa

UBR

51.3p

Ratable Value

£1,080,000.00

Business Rates

£554,040/pa

Floorplan

LONDON - PARK HOUSE OXFORD STREET UNITS 11 AND 12

Photos

FOLLI FOLLIE AND LINKS - PARK HOUSE OXFORD STREET W1

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