26 Bute Street, London, SW7 3EX
Size
523
Tenure
Leasehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Rare opportunity to acquire a new 999 year long leasehold interest in a prime central London retail thoroughfare.
- The property comprises a ground floor commercial accommodation on one of the best retail pitches in South Kensington, known as 'Little Paris'.
- Fully Let to McMillan & Sons Fine Art Ltd at a passing rent of £65,114 pa.
- The tenant has been in occupation for over 10 years, with the lease benefiting from annual rent reviews linked to the Retail Price Index (RPI), providing inflation protection and income growth.
- The property is situated on Bute Street, one of South Kensington's most popular retail parades just 100m from South Kensington Station.
- Offers are invited at 1,100,000 (One Million One Hundred Pound), subject to contract, for the benefit of a new 999 year long leasehold interest at a peppercorn rent.
Description
The property comprises a self-contained ground floor retail unit forming part of an attractive period building in the heart of South Kensington.
The accommodation extends to approximately 523 sq ft (48.59 sq m) and is occupied by M McMillan & Sons Fine Art Ltd, a long-established fine art gallery that has traded from the premises for approximately 10 years.
The unit occupies a prominent position on Bute Street, one of South Kensington's most established retail and leisure destinations, benefiting from strong levels of footfall generated by the surrounding residential, retail, restaurant and cultural occupiers.
Location
The property is situated on Bute Street, one of South Kensington's most popular
retail parades. Often coined to as 'Little Paris' the street benefits from strong
footfall generated by affluent residents, international visitors, students and office
workers, together with the significant tourist draw of the nearby Natural History
Museum, Victoria & Albert Museum and Science Museum. Bute Street is a
charming pedestrianised thoroughfare linking Thurloe Place with Old Brompton
Road, renowned for its boutique retailers, independent cafés and restaurants.
The street also hosts the popular South Kensington Farmers' Market each
weekend, attracting visitors from across London and further enhancing footfall
and trading activity.
The property is situated moments from South Kensington Underground Station
(District, Circle and Piccadilly Lines), providing excellent connectivity, whilst
nearby destinations including Harrods, Sloane Street, King's Road and Kensington
High Street reinforce the area's status as one of London's premier retail locations.
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- Use class
- E
- Listed building
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- Tenure
- Leasehold
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Brochure
26 Bute Street, London, SW7 3EX
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Disclaimer - Property reference 398961-1. 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 Limited , 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.