Retail Property (high street) for sale

11 South Molton Street, London, W1K

Leasehold £175,000
475–910 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 475 sq ft (44 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • High Footfall
  • Close to Underground Station
  • Good Location
  • Full A3 Use
  • Outside Seating
  • 13 Years Remaining

Full description

Tenure: Leasehold

South Molton Street is a well-known pedestrianised thoroughfare linking Oxford Street with Brook Street and New Bond Street, very close to Bond Street Underground Station. The premises are situated on the west side of South Molton Street being close to Jaks Restaurant, Flo Cafe, Browns, The Kooples, Gerard Darel, Thomas Sabo and Anoushka.

ACCOMMODATION:
The premises are arranged on ground floor and basement having the following approximate dimensions and floor areas: -

Ground Floor 475 sq ft 44.13 sq m
Basement 450 sq ft 41.81 sq m

Plans have been approved by the City of Westminster for a rear extension, the amalgamation of the ground floor and basement and a full height extraction ductwork to roof level.

LEASE:
The premises are held on a lease for a term expiring in November 2030 inside the protection of the Landlord & Tenant Act 1954 subject to a rent review in November 2020 and 2025 at a passing rental of 175,000 per annum exclusive.

PREMIUM:
A reduced premium of 100,000 subject to contract is now required for the lease to include all licences and permissions.

LEGAL COSTS:
Each side to bear their own legal costs incurred in the transaction.


RATES:
We understand that the premises are assessed for rates as follows: -

Rateable Value 139,900
Rate in pound 48.0p
Rates Payable (2017/2018) 67,152

Interested parties are advised to verify this information with the Local Rating Authority.

Subject to Contract


More information from this agent

Nearest stations

  • Bond Street (0.1 mi)
  • Oxford Circus (0.3 mi)
  • Marble Arch (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

TK Retail Property Consultants, London

7 South Molton Street, London, W1K 5QG

020 8012 7406 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

TK Retail Property Consultants, London

7 South Molton Street, London, W1K 5QG

020 8012 7406 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map

Nearest stations

  • Bond Street (0.1 mi)
  • Oxford Circus (0.3 mi)
  • Marble Arch (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

TK Retail Property Consultants, London

7 South Molton Street, London, W1K 5QG

020 8012 7406 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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