The property consists of 275 sq.ft of commercial space, all over the ground floor. The unit benefits from a glazed retail frontage and access from Compton Street.
There is currently a 15 year lease on the property from the 15th September 2014, however the current user clause only permits the use of a catering kitchen (no extraction) at a passing rent of £11,000 per annum exclusive which can be directly assigned. There may be scope for a new lease for the property to be used as either a shop (A1 use) or an office (B1 use) subject to the landlords consent at the revised rent of £16,000.
Location
Compton Street is an attractive retail parade slightly to the north of the popular Brewhouse Yard. The surrounding area is made up of large office buildings and high-end residential flats. Retail provision in area is excellent with nearby operators including Waitrose, Tescos, Pret a Manger and William Hill.
Accommodation
USE CLASS - A1/A3/B1
SIZE - 276 sq ft (26 sqm)
Terms
Rent - £16,000 PAX
VAT - Applicable
Service Charge - To be confirmed.
Rates Payable - Interested parties should make their own enquiries with the local authority
EPC - Available upon request
Tenure - Assignment of the existing lease/New lease available
Specification
- Retail frontage
- Potential for A1 or B1 use (STP)
- New lease negotiable
- Current use as a catering kitchen
- Central London location
- Dense office location