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RETAIL UNIT TO LET IN COVENT GARDEN
Property DetailsAccomodationThe shop is arranged over ground floor.TermsThe property is available by way of a new effectively full repairing and insuring lease for a term to be agreed. The lease will be contracted outside the security of tenure and compensation provisions of the Landlord and Tenant Act 1954 Part II (as amended).RatesWe are verbally advised by the local authority that the premises have been assessed for rating purposes as follows: Rateable Value: £155,000 UBR: 49.9p Rates Payable: £77,345 Transitional relief may be available and interested parties are advised to verify the above with the local authority.RentOn application.Service ChargeApproximately £18,935 per annum. Insurance is estimated at £999.Legal CostsEach party is to be responsible for its own legal costs incurred with the connection of this letting.EPCThe property has an EPC rating of C-61.St Martin’s Courtyard: The FuturePermission has been granted for significant investment in St Martin’s Courtyard; to include improving the public spaces, newly designed entrances to the main courtyard and a new and enhanced restaurant with outside terrace overlooking the central retail space.
Planning Usage: A1 Retail / ShopsThe shop is located on Mercer Street at the entrance of St Martin’s Courtyard and opposite the new Mercers Walk development. The area is home to a number of restaurants and eateries including Timberyard, Dishoom, Bills, Dalla Terra and the soon to open Temper. Nearby retailers include H&M, Snow & Rock, White Company, Pretty Ballerinas, Blow, Rohan and Le Bab.
- APPROXIMATELY 1,300 SQ FT FOR RETAIL SPACE WITH POTENTIAL OUTDOOR SEATING
- OVER 400 OFFICES WITHIN 5 MINS WALK
- NEARBY CROSSRAIL STATION ANTICIPATED TO SERVE 108 MILLION PASSENGERS ANNUALLY BY 2026
- 128M ANNUAL STATION FOOTFALL IN 10 MINS WALK
- OVER 6,800 LOCAL RESIDENTS WITHIN A 5 MIN WALK
- COVENT GARDEN IS HOME TO APPROXIMATELY 10 MILLION SQ FT OF OFFICES
9 Mercer Street,
To be provided in due course.
MISREPRESENTATION ACT — These particulars do not form part of any offer of contract. They are issued as a general guide, but do not constitute representation of fact. Parties should satisfy themselves as to their accuracy. Unless otherwise stated, all prices/rents are quoted exclusive of vat. All terms and information provided is subject to contract & without prejudice.