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 purposesLess
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.