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A1 LEASE FOR SALE DUE TO RELOCATION
Property DetailsTenureAvailable by way of an assignment of the existing lease expiring on 31st October 2024. The lease is held within the security of tenure and compensation provisions of the Landlord & Tenant Act 1954. The next rent review is on the 1st November 2019. Further details available upon request.RentThe passing rent is £330,000 oer annum exclusive of rates, service charge and VAT (If applicable)UseThe property benefits from Use A1 of the Town & Country Planning (Use Classes) Order 1987.RatesWe have been advised by the Local Authority that the premises are assessed for rating purposes as follows: Rateable Value 2017 £315,000 UBR (2018/19) 51.3p Rates Payable £161,595 Prospective tenants are advised to confirm any rating liability directly with the Local Authority.CostsEach party is to be responsible for their own legal and all other professional costs incurred in the transaction.EPCAvailable upon request.AccomodationThe premises are arranged over ground, basement and first floors.
Planning Usage: A1 Retail / Shops
The shop is located in prime position on Long Acre, benefitting from consistently high levels of pedestrian flow in this world renowned shopping destination. The shop is adjacent to Muji and Les Nereides Jeweller, with Levis, Arket, Reiss, Russell & Bromley, and Gap located nearby.
The property benefits from being within very close proximity to Covent Garden Underground Station.
36 Long Acre,
To be provided in due course.