Location
The property is located in the heart of the affluent Swiss Cottage residential district with nearby occupiers including Co-op Convenience Store, Swiss Cottage Community Centre, Green Light Pharmacy and Marriot Hotel Regent’s Park. Swiss Cottage Underground Station is within a 5-minute walk.
Terms
Our clients wish to sell the virtual freehold (886 years) for a price in the order of £2,000,000 subject to contract.
Alternatively, the premises are available on a new lease for a term of 10 years subject to a rent review at the 5th year at a commencing rental of £95,000 per annum exclusive.
Accommodation
The premises are arranged on ground floor and basement having the following approximate dimensions and floor areas:
| Frontage (Winchester Road) | 80 ft | 24.38 m |
| Frontage (Fellows Road) | 32 ft | 9.75 m |
| Ground Floor Area | 1890 sq ft | 175.59 sq m |
| Basement Floor Area | 1994 sq ft | 185.25 sq m |
| Total Floor Area | 3884 sq ft | 360.84 sq m |
Rates
We understand that the premises are assessed for rates as follows: –
Rateable Value……………………….. £59,000
Rate in Pound…………………………. 0.512p
Rates Payable (2021/2022)………. £30,208
Interested parties are advised to verify this information with the Local Rating Authority.
Legal Costs
Each side to bear its own legal costs.
Contact
Viewings can be arranged at short notice through either:
| Tim Kourides |
| tim@tkretailproperty.com | 07799 628 860 |
or via our joint agent:
| Reuben Barnard, Dutch & Dutch |
| reuben@dutchanddutch.com | 020 81593 004 |