Retail premises to let in Peter Street, London W1F

Key Points

Description

A great opportunity to assign the lease of a former hair salon premises in the heart of Soho. The property comprises an open plan sales area with rear ancillary store room/office, kitchen, and WC. It offers fantastic ceiling height of approx. 3.7m and has a return glazed frontage which provides a lot of natural light. A fresh air intake system is installed and the heating is provided by wall mounted electric heaters.

Location

Peter Street in Soho is a vibrant and bustling location, situated in the heart of one of London's most eclectic neighbourhoods. The street is lined with a diverse range of businesses, including trendy cafes, lively bars, independent shops, and popular restaurants, making it a hub for local residents, tourists, and workers alike. The street is conveniently located just a stone's throw away from major transportation hubs such as Tottenham Court Road and Oxford Circus, making it easily accessible for commuters and travellers.

Terms

The property is available to occupy by way of an assignment of the existing 15 year lease which expires in September 2032. The current passing rent is £26,000 pa with the next rent review scheduled for September 2024. The assignee must provide a personal guarantor as stated within the head lease.

Availability_Text

The accommodation comprises the following areas:

Premium

A premium of £75,000 is being sought in respect of the rent saving and assignment of the existing lease.