LONG LEASEHOLD INVESTMENTOPPORTUNITY
Summary
- Rare opportunity to acquire a long leasehold investment in the heart of Fitzrovia.
- Fully let Class E premises to occupier A Jolly Dime Limited, trading as Urban Baristas.
- Arranged over ground floor and basement, extending to approximately 975 sq ft (NIA).
- Let at a passing rent of £45,000 per annum, subject to a 15-year lease term from 05/01/26 with a tenant-only break option at year five and open market rent reviews every five years.
- Lease contracted outside of the Landlord and Tenant Act 1954.
- Situated on Warren Street, a vibrant Fitzrovia street benefitting from strong pedestrian footfall and excellent transport connectivity.
- Offers invited in excess of £750,000 for a new 200-year long leasehold interest, held at a peppercorn ground rent.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Lower Ground | 563 | 52.30 | Available |
| Ground | 412 | 38.28 | Available |
| Total | 975 | 90.58 |
Location
The property occupies a prime position on Warren Street in the heart of Fitzrovia, one of Central London’s most sought-after districts.
Warren Street forms a thoroughfare linking Tottenham Court Road, Euston Road and Great Portland Street, benefitting from strong daily footfall. The immediate area is characterised by a diverse range of independent operators and
institutional occupiers.
The property is situated in close proximity to a number of major demand drivers, including University College London (UCL), University College Hospital, the Wellcome Collection, and the wider West End office market, supporting strong
occupational demand.
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Mainline Stations
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Euston8 mins
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St Pancras16 mins
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King's Cross18 mins
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Marylebone19 mins
Underground Station
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Warren Street2 mins
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Great Portland Street3 mins
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Regents Park4 mins
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Goodge Street6 mins
Further Information
Price £750,000
Description
The property comprises a prominently positioned commercial investment with excellent street frontage on one of Fitzrovia’s well established pitches. Situated beneath residential upper parts, the unit benefits from Class E planning use and strong visibility within a high footfall location.
The premises are fully let to A Jolly Dime Limited, trading as Urban Baristas, and operated as a café, providing secure income under a 15- year lease, incorporating a tenant-only break option in year five and open market rent reviews every five years.
The property offers well-configured accommodation arranged across ground floor and basement accommodation. The tenant has undertaken a good quality fit out.
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