17 New Row, Covent Garden, London, WC2N 4LA
£578.87 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,764 sq ft
257 sq m
- SECTOR
High street retail property for sale
Key features
- Prime Central London retail investment arranged over ground and lower ground floors (2,764 sqft / 256.78 sqm NIA).
- New 250 year long-leasehold at a peppercorn rent.
- Low newly rebased rent of £86,000 pa (previous rent £120,000 pa).
- Let to Waterstones Bookselleres Limited until 27/05/2029.
- We are instructed to seek offers in excess of £1,600,000 (One Million Six Hundred Thousand Pounds), subject to contract. A purchase at this level would reflect a Net Initial Yield of 5.06% (assuming
Description
The subject premises comprise a Class E Retail premises arranged over Ground & Lower Ground Floors. Waterstones also occupy the premises to the rear of 17 New Row (9-13 Garrick St) which is owned by a different owner under a separate lease and does not form part of this sale.
Location
The Central London iconic district of Covent Garden is bounded by Leicester Square, Trafalgar Square and Soho, and to the north and east by Holborn and the Mid-Town district.
Covent Garden benefits from c44 million visitors per year who come to experience the world class shops, restaurant and leisure facilities on offer. It is London’s main theatre and entertainment area, offering world class attractions such as the Royal Opera House, Covent Garden Piazza and the Theatre Royal. It is home to 13 theatres and over 60 pubs and bars, providing vibrancy & trading activity from morning to evening.
New Row is a busy pedestrianised retail street linking Bedford Street and St Martin’s Lane. The subject property is situated on the north side of New Row directly opposite Bedfordbury. New Row is one of the main thoroughfares leading into the centre of Covent Garden.
Covent Garden and Leicester Square underground stations are located within a few minutes walking distance. Charing Cross and Waterloo mainline stations are also located close by.
Brochures
17 New Row, Covent Garden, London, WC2N 4LA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leicester Square Station0.1 miles
- Covent Garden Station0.1 miles
- Charing Cross Station0.2 miles
Notes
Disclaimer - Property reference 224564-1. 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 Robert Irving Burns, Robert Irving Burns. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.