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RETAIL UNIT TO LET IN ST JAMES'S
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: A1 Retail / Shops52 Regent Street is surrounded by a cosmopolitan blend of flagship retail and world class F&B and entertainment uses. It is uniquely located 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 PiccadillyCircus each year and it has one of the busiest Underground stations in London with over 40m passengers each year (TFL:2017).The Crown Estate has continued to invest hugely in the area including the complete regeneration of Regent Street St James’s and completion of their Quadrant Arcade development, which has been earmarked for the latest health and wellbeing brands and concepts.Regent Street is a world class retail destination which has continued to attract Internationally renowned flagship stores with recent openings by Mulberry, Pinko, Jimmy Fairley and L’Occitaine in the vicinity.52 Regent Street is situated within the Hotel Café Royal block, one of the finest luxury hotels in London. They have recently collaborated with Albert Adria from the legendary Michelin three-star elBulli to create Cake & Bubbles.
52 Regent 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.