LEASE FOR SALE
The premises are arranged over ground floor and basement levels and provide the following approximate areas: Tenure The store is currently occupied as a newsagents and is held on an existing full repairing and insuring lease for a term of 10 years expiring 24 March 2023. The Lease is contracted inside the Security of Tenure and Compensation provisions of the Landlord & Tenant Act 1954. Rent £97,500 per annum exclusive Premium Offers in the region of £200,000 for the benefit of the leasehold interest. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £67,000 and the rates payable are £33,768. The UBR for 2019/2020 is 50.40p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
Beak Street is situated in the heart of Soho, in a high footfall location, close to the junction with Carnaby Street. Nearby retailers include Polpo, Moscot, Sweaty Betty, Rag & Bone, Ganni, ba&sh and PS by Paul Smith. Samsoe + Samsoe are soon to open in the adjacent unit.