Retail Property (high street) for sale68-70 Southampton Row, London, WC1B
776–1,464 sq. ft.
- Business for sale
- 776 sq ft (72 sq m)
- Use class orders: A1 Shops and A2 Financial and Professional Services
- High Footfall
- A1/A2 Opportunity
- Underground Stations Nearby
- Prime Location
- Many Hotels Close By
The premises are located on the east side of Southampton Row. The parade includes well known multiple retailers such as Cafe Nero, Costa Coffee, Greggs, Pizza Express, Starbucks, Ryman, Sainsbury's and the Doubletree by Hilton Hotel. The unit is next door to the Holland and Barrett.
The premises are arranged on Ground Floor and Basement having the following approximate dimensions and floor areas: -
Ground Floor Area 776 sq ft 72.09 sq m
Basement 688 sq ft 63.92 sq m
The property is held on an existing lease for a term to be expiring 31st October 2021 subject to 5 yearly rent reviews at a passing rental of £82,500 per annum exclusive.
The lease is contracted inside the Landlord and Tenant Act 1954.
Offers are invited for the benefit of this valuable leasehold interest.
Each side to bear their own legal costs incurred in the transaction.
Available on request
We understand that the premises are assessed for rates as follows: -
Rateable Value £68,500
Rate in pound 48.0p
Rates Payable (2017/2018) £32,880
Interested parties are advised to verify this information with the Local Rating Authority.
Subject to Contract
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