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FLAGSHIP RETAIL UNIT TO LET WITHIN CLOSE PROXIMITY TO PICCADILLY CIRCUS.
Property DetailsTermsThe property is available by way of a new effectively full repairing and insuring lease for a term of 10 years subject to an upward only rent review to market rent at the end of the 5th year of the term. The lease is to be contracted outside of the security of tenure provisions of the Landlord & Tenant Act 1954 (as amended).RentQuoting terms are available upon request.UseThe property benefits from retail use only within Class A1 of the Town & Country Planning (Use Classes) Order 1987.Business RatesTo be re-assessed following completion of the sub-division works.EPCAn EPC is available upon request.TimingImmediate.Legal CostsEach party is to be responsible for their own legal costs and all other professional costs incurred in the transaction.
Planning Usage: Retail / Shops1 Glasshouse Street is a thriving retail thoroughfare with unrivalled connectivity linking Soho to Piccadilly Circus and the surrounding districts of Leicester Square, Regent Street and St James’s. It is a gateway into the London’s long established entertainment district, which attracts the coolest retail & F&B concepts from around the world. It sits adjacent to Piccadilly Circus, one of the most famous intersections on the planet, known for the iconic advertisements that adorn the buildings and the statue of Eros in its centre.It is estimated that nearly 100 million people walk through Piccadilly Circus each year and it has one of the busiest Underground stations in London with over 40m passengers each year (TFL:2017). There are a huge array of entertainment uses nearby including The Lyric, Apollo and Piccadilly theatres, together with Picture House cinema within the world famous Trocadero.Glasshouse Street has undergone a total transformation in recent times being anchored by a 17,000 sq ft Wholefoods. Other nearby occupiers include Brasserie Zedel, Ugg’s UK flagship store and Nespresso. The location leads directly into Soho via Brewer Street where iconic brands such as Rapha, Woolrich, Stone Island, Kiln, Hix, Champion, Dirty Bones, Kricket and Third Space are all located.
1 Glasshouse 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.