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87-89 Great Portland Street, London, W1W 7LU
3,253 Sq Ft / Offices
Withdrawn - Last updated: 24 November 2023
Summary
The property comprises Commercial Class E accommodation arranged over ground and lower ground floors. The ground floor provides the main trading area with an internal staircase leading into the basement. The basement consists of ancillary space with storage facilities, WC's and a kitchen. The floor to ceiling height on the ground floor and basement are approx. 2.88m and 2.31m respectively.
The property was originally built in the 1960's with residential flats on the upper parts.
Key Points
Reversionary Retail Investment FOR SALESelf contained unit arranged over ground and basementMeasuring 2,795 sqft (plus 458 sqft of basement storage)Floor to ceiling height on ground and basement approx. 2.8m and 2.31m respectivelyLong Leasehold for a term of 99 years from 29th September 1978 (55.5 years unexpired)Let to Ryman Limited on a new lease expiring April 2027 at a rent of £72,000 pa, with a mutual break option in April 2024, Outside the L&T ActThe property is not elected for VAT
Viewings
Sole Agents ROBERT IRVING BURNS.
Location
The property is located on the West side of Great Portland Street opposite to the junctions of Langham Street and Riding House Street. The property is well connected with Oxford Circus, Goodge Street, Regent's Park and Great Portland Street all within a few minutes walking distance.
Great Portland Street is home to an abundance of restaurants and retailers including Sushi Atelier, Caravan, Boots, Joe & The Juice and The Whisky Exchange.
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