Shop to rentParkway, London
- Assignment of existing lease with over 7 years unexpired;
- Shop provides approximately 740 sq ft of open plan accommodation;
- Passing Rent £20,800 per annum;
- PREMIUM: Offers in excess of £35,000 for the valuable leasehold interest;
- Consideration will also be given to a sublease for the remainder of the term at a rent of £35,000 per annum.
- Rateable Value £18,000;
This (A1) retail unit sits in a terrace and is arranged on the ground floor of the property. It has a full height display window to the frontage and provides approximately 740 sq ft of accommodation. The unit is configured to provide predominantly open plan accommodation along with a separate office and a WC to the rear.
The shop is situated in a prominent position on the north side of Parkway which is a popular retail and leisure destination in Camden. Occupiers in the immediate vicinity include Oliver Bonas, Gap, Starbucks, The Jazz Café, Whole Foods Market, Strada, Runners Need and Pizza Express, along with an eclectic mix of independent retailers, cafes and restaurants.
Parkway runs from Regent’s Park in the west to Camden Town in the east, and Camden Town underground station is two minutes’ walk to the east of the property.
The property is held on a lease which expires on 24th March 2022 and which we understand is drafted inside the Landlord and Tenant Act. The next rent review is scheduled for March 2017.
This opportunity provides a retailer with the opportunity to establish a presence on this popular and busy street close to Camden Town station.
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