The premises are arranged over ground floor only comprising the following approximate dimensions and net internal floor areas. They benefit from dual access to South Wharf Road and from Paddington Basin. Tenure The premises are available by way of an assignment of the existing lease expiring 25 May 2021, held inside the Landlord and Tenant Act 1954. Alternatively, the premises are available by way of a sub-lease. Passing Rent £81,000 per annum exclusive. Rates We understand that the current Rateable Value is £77,000 and the Rates Payable are £40,348 per annum. The UBR for 2019/20 is 52.4p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.Less
The property forms part of the West End Quay development surrounding Paddington Basin, just off Praed Street and close to Paddington Rail and Underground Stations. Occupiers in the immediate vicinity include Tesco Express, Pizza Express, Brew Dog, Superdrug, Ryman and HSBC.