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Retail Property (high street) for sale

5-6 Coventry Street, London, W1D

Leasehold £413,000
995 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 995 sq ft (92 sq m)
  • Use class orders: A1 Shops

Key features

  • Prime Location
  • Close to Underground Station
  • High Footfall
  • Well Known Retailers Nearby
  • Corner Unit
  • A1 Retail
  • Inside The Act

Full description

Tenure: Leasehold

LOCATION:
The property occupies a prime corner position at the junction of Rupert Street and Coventry Street, which is the main thoroughfare between Piccadilly Circus and Leicester Square. Nearby occupiers include the Shake Shack, Grosvenor Casino, M&M's, Lego Store and The Empire Cinema.

ACCOMMODATION:
The premises are arranged on Ground Floor only having the following approximate dimensions and floor areas: -


Gross Frontage 31 ft 9.4 m
Return Frontage 25 ft 7.6 m
Ground Floor Area 995 sq ft. 92.44 sq m


LEASE:
The premises are held on a lease for a term expiring in July 2022 subject to a rent review in July 2017 at a rental of 413,000 per annum exclusive.

The lease is within the protection of the Landlord and Tenant Act 1954.

PREMIUM:
Offers in excess of 200,000 subject to contract.

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

EPC:
Available on request

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

Rateable Value 402,500
Rate in pound 48.0p
Rates Payable (2017/2018) 193,200

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

Subject to Contract


More information from this agent

Map & Street View

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