The subject property is comprise of ground floor and basement. The ground floor has been used for banking purposes and includes ancillary storage, toilets and a staff room. Tenure The property is held on an FRI lease expiring 28th September 2023. Rent £123,000 per annum exclusive. Legal costs Each party is to be responsible for their own professional costs incurred in relation to this transaction. Subject to contract Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £ and the rates payable are £64,976.00 pa. The UBR for 2019/2020 is 52.40p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
Gloucester Road is an affluent part of South Kensington, London. The street benefits from good footfall and provides great connectivity in to Central London and the wider rail network via the District, Circle and Piccadilly lines. The premises is located in a prominent location within the retail parade on Gloucester Road. National retailers within the immediate vicinity include Waitrose, Starbucks and Pizza Express.