Commercial Property to rent

Eastcastle Street, W1w 8dd

£48,000 pa| £4,000 pcm

Property Description

Letting information:

Date available: Now
Letting type: Long term

Full description

Self Contained Showroom Suite
1,810 sq ft
Lease for Assignment


LOCATION:
The property is situated on the Northern side of Eastcastle Street between Great Titchfield Street and Wells Street. Oxford Street, with its excellent shopping facilities runs parallel to the South and Oxford Circus Underground Station is within a short walking distance.

This is an attractive and well appointed self-contained showroom suite arranged over ground floor and basement currently used as an Art Gallery.

AMENITIES
High Quality fitted out Gallery space
High Specification lighting system
Wooden flooring on ground floor
Tenant installed comfort cooling (not tested)
Kitchenette
Entryphone/alarm system

TENURE
A 15 year lease was granted from 19th July 2010 on an effective FRI lease. A rent review took place in July 2015 with a stepped rent from £45,000 pa increasing to £55,000 pa for 2019/2020 was agreed. There is a tenant only break clause in July 2020 with 6 months written notice. The lease is contracted outside the Landlord and Tenant Act. The lease has an approximate unexpired term of just under 9 years.

FLOOR AREA
Ground Floor – 850 sq ft (78.96 sq m) NIA
Lower Ground Floor – 960 sq ft (89.18 sq m) NIA
Total – 1,810 sq ft (168,14 sq m) NIA

POSSESSION
Upon completion of legal formalities

RENT
July 2016 to July 2017 - £48,000 pa exclusive
July 2017 to July 2018 - £50,000 pa exclusive
July 2018 to July 2019 - £52,000 pa exclusive
July 2019 to July 2020 - £55,000 pa exclusive

PREMIUM
A premium of £75,000 is required for the benefit of the lease (subject to contact)

SERVICE CHARGE
Tenant to pay a contribution towards external works to the premises.

RATEABLE VALUE
We have been advised that the rates payable for 2016/2017 is £20,377. We would advise you to check this with the local authority.

LEGAL COSTS
Each party to be responsible for their own legal fees

VIEWING
Strictly by appointment with the sole agents,
Davis Brown

Bathroom

Kitchen

Energy Performance Certificates (EPCs)

Nearest stations

  • Oxford Circus (0.2 mi)
  • Goodge Street (0.3 mi)
  • Tottenham Court Road (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Davis Brown, London

1 Margaret Street, London, W1W 8RB

020 8012 1048 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

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Floor Plan
Floor Plan

To view this property or request more details, contact:

Davis Brown, London

1 Margaret Street, London, W1W 8RB

020 8012 1048 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 & Street View

Nearest stations

  • Oxford Circus (0.2 mi)
  • Goodge Street (0.3 mi)
  • Tottenham Court Road (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Davis Brown, London

1 Margaret Street, London, W1W 8RB

020 8012 1048 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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Property reference 1702. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Davis Brown, London.

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