24 Warren Street, London, W1T 5LY
Size
975
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 long leasehold investment in the heart of Fitzrovia.
- Fully let Class E premises to occupier A Jolly Dime Limited, trading as Urban Baristas.
- Arranged over ground floor and basement, extending to approximately 975 sq ft (NIA).
- Let at a passing rent of £45,000 per annum, subject to a 15-year lease term from 05/01/26 with a tenant-only break option at year five and open market rent reviews every five years.
- Lease contracted outside of the Landlord and Tenant Act 1954.
- Situated on Warren Street, a vibrant Fitzrovia street benefitting from strong pedestrian footfall and excellent transport connectivity.
- Offers invited in excess of £750,000 for a new 200-year long leasehold interest, held at a peppercorn ground rent.
Description
The property comprises a prominently positioned commercial investment with excellent street frontage on one of Fitzrovia’s well established pitches. Situated beneath residential upper parts, the unit benefits from Class E planning use and strong visibility within a high footfall location.
The premises are fully let to A Jolly Dime Limited, trading as Urban Baristas, and operated as a café, providing secure income under a 15- year lease, incorporating a tenant-only break option in year five and open market rent reviews every five years.
The property offers well-configured accommodation arranged across ground floor and basement accommodation. The tenant has undertaken a good quality fit out.
Location
The property occupies a prime position on Warren Street in the heart of Fitzrovia, one of Central London’s most sought-after districts.
Warren Street forms a thoroughfare linking Tottenham Court Road, Euston Road and Great Portland Street, benefitting from strong daily footfall. The immediate area is characterised by a diverse range of independent operators and
institutional occupiers.
The property is situated in close proximity to a number of major demand drivers, including University College London (UCL), University College Hospital, the Wellcome Collection, and the wider West End office market, supporting strong
occupational demand.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Tenure
- Leasehold
- Length of lease
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Brochure
24 Warren Street, London, W1T 5LY
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Disclaimer - Property reference 406291-1. 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.