LOCATION
The shop is located in the heart of Soho on Peter Street close to the corner of Berwick Street, which is famous for the food market and as a focus for fabric, fashion and innovative retailers.
New local heroes include Gosh Comics,Misan Fabrics, Foxcroft & Ginger, as well as new aspiring fashion names Oliver Spencer, Foot Patrol, Chris Kerr, The Candy Store, Percival Menswear, and most recently Nudie Jeans (their only UK store).
The Breakfast Club and Flat White are hubs for Soho-ites and Yauatcha for those looking for elegance. Fabric shops have a long history in the street, supplying some of the country’s top fashion designers and vinyl record shops are still a haven for those seeking something rare.
RENT
Subject to contract, rental offers are invited in the region £43,500 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
TENURE
The shop is available to let by way of a new effectively full repairing and insuring lease for a term to be agreed. The lease will be contracted outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954 Part II (as amended).
ACCOMMODATION
The shop is arranged over the ground and basement floors and provides the following approximate dimensions and net internal areas;
Gross Frontage 17’1’’ 5.21m
Shop Depth 18’6’’ 5.64m
Ground Floor 371 sq ft 34.47 sq m
Basement 426 sq ft 39.58 sq m
Total 797 sq ft 74.05 sq m
RATES
We are verbally advised by the local authority the premises have been assessed for rating purposes as follows:
Rateable Value (2010) £27,250
Uniform Business Rate (2013/2014) XXX in the £
Rates Payable (2013/14) £12,834.75
Interested parties are advised to verify the above with the local authority.
SERVICE CHARGE
The service charge and building insurance for the current financial year (2013) is estimated at £1,500 per annum. Further information is available on request.
EPC
An EPC is available on request.
LEGAL COSTS
Each party is to be responsible for its own legal costs incurred in connection with this letting.