Location On Map
Prime Location A1 Retail Shop Lease For Sale
The property is located on King Street, close to its junction with Cambridge Grove, amongst the multitude of shops, restaurants and bars of the area. Occupiers in the immediate vicinity include Pizza Hut, Savers, Argos, Greggs and Nando’s. Transport links are excellent with Hammersmith Underground Station (District, Piccadilly, Circle and Hammersmith & City Lines) being within easy walking distance. Numerous bus routes also serve the area.
The property comprises a ground floor & basement retail unit on this busy High Street with prominent frontage.
AREA (ALL MEASURAMENTS ARE APPROXIMATE)
Ground Floor – Sales: 689 Sq. Ft (64 Sq. M)
Basement – Storage: 495 Sq. Ft (46 Sq. M)
Total: 1,184 Sq. Ft (110 Sq. M)
Assignment of a FRI Lease granted in September 2015 for a term of 10 years subject to a 5 yearly rent review.
£50,000 per annum exclusive
£35,000 for the benefit of the Lease
We have been advised that the current business rates payable are £20,400 per annum. However, interested parties are advised to make their own enquiries to the local authority.
Available upon request.
Each party to bear their own legal costs
Under the Money Laundering Regulations Act 2004, we are obliged to verify the identity of proposed tenants prior to instructing solicitors in order to assist in preventing fraud and money laundering. This information is required by Law.
COMMERCIAL LEASE CODE
Christo & Co have advised their clients about The Code for Leasing Business Premises in England and Wales 2007. The code strongly recommends seeking professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available via the website www.leasingbusinesspremises.co.uk
Strictly by prior appointment through SOLE Agents as above.
SUBJECT TO CONTRACT