Property Type | Mixed Use / Retail / Showroom |
Tenure | Lease Assignment |
Size | 622 to 1,672 sq ft |
Rent | £80,000.00 per annum |
Rates Payable | Upon Enquiry |
With a prominent return frontage this is a prime opportunity in an ideal retail location for a number of businesses. The current ground floor holds seating for 36 customers with the potential to add further outdoor seating. Due to the location there is a high level of passing road traffic and footfall. With both internal and self-contained access to the upper floors, the premises is currently trading as Subway plus office use on the upper floors. The square footage is as follows:
Ground floor retail - 622 sq ft, plus basement - 245 sq ft - Total 867 sq ft.
First floor - 225 sq ft, second floor - 327 sq ft, third floor - 353 sq ft - Total 905 sq ft
Total Building Area - 1772 sq ft and vacant possesion throughout will be available upon completion.
The landlord will consider a residential conversion on the upper floors - subject to Local Authority (Camden) planning consent.
Lease Assignment: Existing 10-year lease (commenced 2019) inside the 1954 Landlord & Tenant Act with rent reviews every five years and the ability for sub-letting part of the premises. Lease Premium of £75,000 and rental of £80,000 per annum for the whole building.
Legal Costs - Each party to bear their own legal costs - subject to the new/in-going tenant providing an undertaking to cover the landlord’s legal costs.
Name | sq ft | sq m | Availability |
Basement | 245 | 22.76 | Available |
Ground | 622 | 57.79 | Available |
1st | 225 | 20.90 | Available |
2nd | 327 | 30.38 | Available |
3rd | 353 | 32.79 | Available |
Total | 1,772 | 164.62 |
The building is located on the junction of Grays Inn Road (A501) and St. Chads Street - very close to London Kings Cross Station. A number of indepedent retailers and office occupiers are located in the mixed use parade - KFC and Five Guys are also in very close proximity.