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Retail Property (high street) for sale

68-70 Southampton Row, London, WC1B

Sold STC £82,500
776–1,464 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 776 sq ft (72 sq m)
  • Use class orders: A1 Shops and A2 Financial and Professional Services

Key features

  • High Footfall
  • A1/A2 Opportunity
  • Holborn
  • Underground Stations Nearby
  • Prime Location
  • Many Hotels Close By

Full description

Tenure: Leasehold

LOCATION:
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.

ACCOMMODATION:
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

LEASE:
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.


PREMIUM:
Offers are invited for the benefit of this valuable leasehold interest.

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 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


More information from this agent

Map

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