Location
The premises are located on the east side of Edgware Road midway between the junctions of Marylebone Road and Marble Arch close to Marks & Spencer, Starbucks, Coffee Island and McDonald’s.
Accommodation
The premises are arranged on ground floor and basement having the following approximate dimensions and floor areas: –
| Frontage | 16ft | 4.87 m |
| Ground Floor Area | 1036 sq ft | 96.22 sq m |
| Basement Area | 1207 sq ft | 112.15 sq m |
Terms
Freehold subject to a lease to Honeypot Technologies Limited for a term expiring on 30th April 2035 subject to a rent review on 1st May 2030 at a rental of £86,500 per annum exclusive. The tenant has a good payment track record over many years and there is also a rent deposit in place. The upper part is sold off on a long lease at a nominal ground rent.
Price
We are instructed to seek offers in the region of £1,730,000 subject to contract, representing a net initial yield of approximately 5%. Offers will be considered for a quick sale.
Viewings
By appointment only, via:
Tim Kourides, MRICS
07799 628 860