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CENTRAL LONDON – SHOP LEASE FOR SALE

Lease for Sale
60 Tottenham Court Road, London W1T 2EW
RENT £90,000 per annum exclusive

LOCATION:

The property is located on Tottenham Court Road, next to Marks & Spencer and opposite Argos. Other well-known operators in the immediate vicinity include Itsu, EAT., Le Pain Quotidien, Holland & Barrett, Pret A Manger, Oliver Bonas and Cards Galore. Transport links are convenient with Goodge Street and Tottenham Court Road Underground Stations (Northern Line) within a few minutes’ walk. Numerous bus routes also serve the area.

DESCRIPTION:

The property comprises a ground floor & basement retail unit on this busy High Street.

AREAS (All Measurements Are Approximate):

Ground Floor – Sales           667 Sq Ft       (62 Sq M)

Basement – Storage           431 Sq Ft        (40 Sq M)

TOTAL                                       1,098 Sq Ft      (102 Sq M)

LEASE:

Assignment of an FRI Lease granted in September 2017, outside the Landlord & Tenant Act, for a term of 10 years and subject to a rent review at the end of the 5th year.

RENT:

£90,000 per annum exclusive.

PREMIUM:

£125,000 for the benefit of the Lease.

BUSINESS RATES:

We have been advised that the current business rates payable are £33,000 per annum. However, interested parties are advised to make their own enquiries to the Local Authority.

EPC:

Available upon request.

LEGAL COSTS:

Each party to pay their own legal costs. Landlord’s legal costs to be split equally.

IDENTIFICATION:

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

VIEWING:

Strictly by appointment through owner’s SOLE agents as above.

 

SUBJECT TO CONTRACT

NOTICE RELATING TO THE PROPERTY MISDESCRIPTIONS ACT
Christo & Co as Agents and for the Vendors/Lessors of this property give notice that: 1) These particulars have been checked and are understood to be materially correct at the date of publication. The content however, is given without responsibility and should not, in any circumstances, be relied upon as representations of fact. Intending Purchasers/Lessees should satisfy themselves as to their correctness and as to the availability to the property prior to arranging viewings of the property. 2) These particulars are a guide only and do not form part of an offer or contract. 3) Christo & Co, their employees, nor the Vendors/Lessors make or give any representation or warranty in relation to the property. 4) No representation or warranty is given in respect of any part, equipment or services at the property. 5) Unless otherwise stated, prices, rents or other prices quoted are exclusive of VAT. Intending Purchasers/Lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction relating to this property. 6) Date of Publication: April 2018.
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Address

60 Tottenham Court Road, London W1T 2EW
United Kingdom
London
Fitzrovia
W1T 2EW

Additional Details

RENT £90,000 per annum exclusive
1,098
102
£125,000 for the benefit of the Lease
Leasehold

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