Overview

RETAIL PREMISES MAYFAIR DISPOSAL

The premises are arranged over ground floor and basement levels and provide the following approximate dimensions and areas: Tenure The store is currently occupied as an art gallery and is available by way of an existing full repairing and insuring lease expiring 13 May 2023.  The Lease is contracted outside the Security of Tenure and Compensation provisions of the Landlord & Tenant Act 1954. Rent £62,000 per annum exclusive. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £55,000 and the rates payable are £27,720. The UBR for 2019/2020 is 50.4p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
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Location Description

Lees Place is situated in a wealthy residential area within a short walking distance of Grosvenor Square.  Occupiers include Matt Roberts Gym and Selfridges is only a few minutes walk away.  Within close proximity are luxury hotels such as London Marriott Hotel, The Connaught and The Beaumont Hotel.  Independent retailers and restaurateurs, such as Roka and Mayfair Garden are nearby. Lees Place is pedestrianised and a charming location close to all Mayfair amenities.

Sizes and Measurements

Total Size

1,460sqft

Sales Area

1,364sqft

Gross Frontage Width

29 ft 10 in

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

706sqft

Status

Available

Available from

Now

Basement Sales

Details

Retail

Size

658sqft

Status

Available

Available from

Immediately

Basement Vaults

Details

Non-Sales

Size

96sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

13/05/2023

Lease type

Assignment

For rent

£62,000/pa

UBR

50.4p

Rateable Value

£55,000.00

Business Rates

£27,720/pa

Floorplan

10 LEES PLACE

Photos

20190515_133218
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