London WC2N â 13 New Row, Covent Garden
CENTRAL LONDON RETAIL UNIT LEASE FOR SALE London WC2N – 13 New Row, Covent Garden Central London Location Busy thoroughfare in Covent Garden Significant lease length remaining Close to Leicester Square Underground Station LOCATION RENT CONTACT US The property occupies a strategic position at the east end of New Row, close to its junction with Garrick Street and King Street. The passing rent is £73,500 per annum exclusive of rates, service charge and VAT (if applicable) Staff are unaware of the impending sale, therefore all appointments to view must be arranged via sole agents Colliers International, through: The property benefits from close proximity to Leicester Square Underground Station and is a main thoroughfare to Covent Garden Piazza. Occupiers in the immediate vicinity include Waterstones, Tesco Metro and Carluccio’s in addition to numerous independent operators. CONSIDERATION Premium Offers invited RATES We have been advised by the Local Authority that the premises are assessed for rating purposes as follows: Sasha Riddle +44 20 7487 1607 [email protected] David Carlsson +44 20 7344 6824 [email protected] ACCOMMODATION The premises are arranged over ground and basement floors and comprise the following approximate dimensions and net internal floor areas: Internal Width 13 ft 4m Shop Depth 59 ft 18 m Ground Floor Sales 834 sq ft 77 sq m Basement Ancillary 767 sq ft 71 sq m Total Floor Area 1,601 sq ft 149 sq m TENURE nd Held by way of a 25 year lease from 22 May 1996, with 5 yearly upward only rent reviews, expiring on 21st May 2021. The lease is inside the protection of the Landlord & Tenant Act. Rateable Value UBR (2015/16) Rates Payable £48,750 49.3 £24,033 Prospective tenants are advised to confirm any rating liability directly with the Local Authority (020 8753 6681). COSTS Each party is to be responsible for their own legal and all other professional costs incurred in the transaction. Colliers International 50 George Street London W1U 7GA +44 20 7935 4499 www.colliers.com/uk/retail London – 13 New Row, Covent Garden, WC2N Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 23/04/15 Colliers International is the licensed trading name of Colliers International Retail UK LLP which is a limited liability partnership registered in England and Wales with registered number OC334835. Our registered office is at 50 George Street, London W1U 7GA.
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