45-49 Great Portland Street, Fitzrovia, London, W1W 7HG
£5,833 pcm
£70,000 pa
£47.65 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,469 sq ft
136 sq m
- SECTOR
High street retail property to lease
Lease details
- Lease available date:
- Now
- Lease type:
- Long term
Key features
- Window Frontage
- Skylight at the rear of Ground Floor level
- Prominent location with High Footfall
- Private Cloakroom
- Kitchenette
- Wood Flooring
- Storage Vaults
- Good Floor to Ceiling Height (3.34m on GF)
- Timber Laminate Flooring
Description
Description
The property comprises a self-contained ground and lower ground floor commercial unit, benefiting from strong window frontage and excellent levels of passing footfall.
The lower ground floor is accessed via an internal spiral staircase positioned towards the front of the demise. The lease permits use as a salon, and the premises are available fully fitted, presenting a genuine turnkey opportunity for an incoming operator. A full itemised inventory of fixtures and fittings is available upon request — please speak to a member of the team for further details.
The ground floor benefits from a rear skylight, providing excellent natural light throughout the main trading area, complemented by tiled flooring. The lower ground floor provides well-configured ancillary accommodation including a kitchenette, WC facilities, storage vaults and timber laminate flooring.
A premium is sought for the benefit of the existing commercial fit-out and reduced, fixed rent. Further details are available upon request.
Location
This property is in a prominent location on the West side of the street at the junction with Little Portland Street. Oxford Circus (2 mins, Bakerloo, Central and Victoria) and Great Portland Street (8 mins, Circle, Hammersmith & City and Metropolitan) Underground Stations are within a few minutes walking distance.
Fitzrovia is considered one of the main West End office sub-markets and has experienced significant growth and regeneration in recent years, with notable developments such as The BBC HQ, Fitzroy Place, and Great Portland Estate's renovation of the former Post Office site at Rathbone Place.
The neighbourhood is home to an abundance of restaurants, designer hotels, and luxury boutiques, and has recently gained traction as a hub for the TMT sector, attracting renowned office occupiers such as Sony, Facebook, MTV, Lionsgate Films, and The British Film Industry. Market Place, situated at the rear of the property, has become a popular destination for bars and restaurants, as well as an established retail location with valuable outside seating due to its widened pavements. Some of the popular local occupiers include Côte Brasserie, Coppa Club, Carluccio's, Yoobi, Honest Burger, and Market Place Bar.
Lease
Option 1: Assignment of the existing lease dated 28 November 2024 for a term until 27 November 2034. The lease is contracted out of Sections 24–28 of the Landlord & Tenant Act 1954.
Option 2: Sublease of the whole granted outside of the Landlord & Tenant Act 1954.
Option 3: A new lease granted directly by the landlord, subject to the simultaneous surrender of the existing lease and the regrant of a new lease on prevailing open market terms, to be agreed.
Permited use:
As a hairdressing salon or any other retail use falling within Class E(a) of the Town and Country Planning (Use Classes) Order 1987 (as amended) at the date of this Lease
Rent Structure (Fixed Stepped Rent – No Open Market Review)
£70,000 per annum from 28 November 2024 – 27 November 2027
£73,000 per annum from 28 November 2027 – 27 November 2030
£77,500 per annum from 28 November 2030 – 27 November 2034
A premium is sought for the benefit of the existing commercial fit-out and reduced, fixed rent. Further details are available upon request.
The property comprises a self-contained ground and lower ground floor commercial unit, benefiting from strong window frontage and excellent levels of passing footfall.
The lower ground floor is accessed via an internal spiral staircase positioned towards the front of the demise. The lease permits use as a salon, and the premises are available fully fitted, presenting a genuine turnkey opportunity for an incoming operator. A full itemised inventory of fixtures and fittings is available upon request — please speak to a member of the team for further details.
The ground floor benefits from a rear skylight, providing excellent natural light throughout the main trading area, complemented by tiled flooring. The lower ground floor provides well-configured ancillary accommodation including a kitchenette, WC facilities, storage vaults and timber laminate flooring.
A premium is sought for the benefit of the existing commercial fit-out and reduced, fixed rent. Further details are available upon request.
Location
This property is in a prominent location on the West side of the street at the junction with Little Portland Street. Oxford Circus (2 mins, Bakerloo, Central and Victoria) and Great Portland Street (8 mins, Circle, Hammersmith & City and Metropolitan) Underground Stations are within a few minutes walking distance.
Fitzrovia is considered one of the main West End office sub-markets and has experienced significant growth and regeneration in recent years, with notable developments such as The BBC HQ, Fitzroy Place, and Great Portland Estate's renovation of the former Post Office site at Rathbone Place.
The neighbourhood is home to an abundance of restaurants, designer hotels, and luxury boutiques, and has recently gained traction as a hub for the TMT sector, attracting renowned office occupiers such as Sony, Facebook, MTV, Lionsgate Films, and The British Film Industry. Market Place, situated at the rear of the property, has become a popular destination for bars and restaurants, as well as an established retail location with valuable outside seating due to its widened pavements. Some of the popular local occupiers include Côte Brasserie, Coppa Club, Carluccio's, Yoobi, Honest Burger, and Market Place Bar.
Lease
Option 1: Assignment of the existing lease dated 28 November 2024 for a term until 27 November 2034. The lease is contracted out of Sections 24–28 of the Landlord & Tenant Act 1954.
Option 2: Sublease of the whole granted outside of the Landlord & Tenant Act 1954.
Option 3: A new lease granted directly by the landlord, subject to the simultaneous surrender of the existing lease and the regrant of a new lease on prevailing open market terms, to be agreed.
Permited use:
As a hairdressing salon or any other retail use falling within Class E(a) of the Town and Country Planning (Use Classes) Order 1987 (as amended) at the date of this Lease
Rent Structure (Fixed Stepped Rent – No Open Market Review)
£70,000 per annum from 28 November 2024 – 27 November 2027
£73,000 per annum from 28 November 2027 – 27 November 2030
£77,500 per annum from 28 November 2030 – 27 November 2034
A premium is sought for the benefit of the existing commercial fit-out and reduced, fixed rent. Further details are available upon request.
Brochures
45-49 Great Portland Street, Fitzrovia, London, W1W 7HG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Oxford Circus Station0.2 miles
- Goodge Street Station0.4 miles
- Great Portland Street Station0.4 miles
Notes
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