Retail premises to let in Albany Street, London NW1

Key Points

Description

The properties have recently undergone comprehensive refurbishment, and are arranged over ground and lower ground floor. The ground floors benefit from a floor to ceiling height of approx 2.9 m, large window frontages allowing natural light to flow into the property. The lower ground floors have a good floor to ceiling height of approx 2.4 m, with windows and 3 x vaults suitable for storage. Both properties benefit from a new comfort cooling system as well as kitchenettes, an entry intercom system and integrated network cabling. There is rear access via Cambridge Terrace Mews which provides access through the Lower Ground Floors to both properties. It is also therefore possible to create self-contained offices on the lower ground floor, especially for 85.

The Head Lease allows for office and retail use, and the landlord will accept certain uses under Class E. The properties are Grade II Listed.

Location

The property is located on the corner of Albany Street and Chester Gate and is adjacent to the well renowned Regent’s Park. The immediate location is primarily of residential use, with local amenities including Regent’s Park, zsl London Zoo, Regent’s Park Open Air Theatre, Madame Tussauds, The Sherlock Holmes Museum as well as independent and national cafes and restaurants.

Regent’s Park, Great Portland Street, Warren Street and Euston Square are all within a few minutes walking distance south of the property. London Euston is towards the East providing Avanti West Coast, Caledonian Sleeper, Overground and West Midlands Trains services.

Viewings

Strictly through sole agents Robert Irving Burns.

Terms

A new effective Full Repairing and Insuring lease contracted outside the Landlord & tenant Act 1954 is available direct from the landlord for a term to be agreed. Gross rent of approx. £85,000 per annum (85) and £55,000 per annum (81), inclusive of business rates, service charge and estate charge.

Availability_Text

The accommodation comprises of the following

Tenture

Held on a 99 year Long Leasehold Interest, commencing 20th February 1987, with approximately 63 years unexpired, subject to ground rent.

Letting

A new effective Full Repairing and Insuring lease contracted outside the Landlord & tenant Act 1954 is available direct from the landlord for a term to be agreed.

Gross rent of approx. £85,000 per annum (85) and £55,000 per annum (81), inclusive of business rates, service charge and estate charge