SHOP LEASE FOR SALE

The property comprises a retail shop, trading under the Folli Follie brand on the ground floor of the Centre with the following approximate net internal areas: Tenure We are instructed to sell the existing lease which is inside the Act.  The term is 15 years from 1 July 2008 at a current rent of £192,400 per annum exclusive, subject to rent review July 2018, which is under negotiation. Premium Offers considered. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £215,000 and the rates payable are £110,295.00. 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 shop is on the ground floor close by to the entrance of the new extension and Marks & Spencer. The unit is adjacent to Ernest Jones and Skagen with other nearby retailers including Browns The Diamond Store, Phase Eight, Hobbs, Fraser Hart, Ecco Shoes, Khaadi Clothing and Karen Millen.

Sizes and Measurements

Total Size

713sqft

Sales Area

612sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

612sqft

Status

Available

Available from

Now

Remote Storage (3089c)

Details

Non-Sales

Size

101sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

30/06/2023

Rent Review Cycle

5

Lease type

Assignment

For rent

£192,400/pa

UBR

51.3p

Ratable Value

£215,000.00

Business Rates

£110,295/pa

Service Charge

£18.95/pa

Floorplan

LONDON - U1176 WESTFIELD SHOPPING CENTRE W12

Photos

LONDON - U1176 WESTFIELD LONDON SHOPPING CENTRE

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