Office to let in Kingly Street, London W1B

Located in the heart of the Carnaby Estate and running parallel with Carnaby Street and Regent Street.

This vibrant destination offers a unique mix of offices, shops, restaurants, cafes and public houses. Oxford Circus (Bakerloo, Central and Victoria lines) and Piccadilly Circus (Bakerloo and Piccadilly lines) Tottenham Court Road (Central, Northern and Elizabeth lines) stations are all a short walking distance away.

Comprises an entire second floor split level, fitted and furnished bright office suite that was refurbished in mid-2022.

The second floor is in excellent condition and is currently arranged to provide a reception and seating area, two good size meeting rooms, single office, extensive kitchenette and break out area, 16 desks with further room for expansion plus private internal WC’s, in total extending to approximately 2,368 sq ft.

The present tenants have also installed two phone booths that can be made available by separate negotiation.

Terms

Option 1
Assignment of an existing lease which expires on the 28th September 2027 and includes a tenant’s only option to break on the 28th September 2025 with a passing rent of £201,280 per annum exclusive (i.e. £85 per sq. Ft. Exclusive). The lease is contracted outside of the security of tenure and compensation provisions of the Landlord and Tenant Act.

Option 2
A new sublease up to the break date in September 2025. Any sublease will again be taken outside of the L & T Act. Guide rent £85 per sq ft exclusive.

Option 3
A new direct lease from the Landlord on terms to be discussed.

Business rates

The rateable value for this floor is £68,000 which equates to business rates payable of £37,128 for the financial year 2024/25. Prospective occupiers are advised to verify this figure themselves.

Services charges

Currently running at approximately £9 per sq ft exclusive.

EPC

B 36