Property description
A lock-up shop with retail use, favourably located within the busy Bedford Square precinct, with a frontage of over 17ft and a main floor area of approximately 800 sq.ft. with further storage space on the first floor, and a self contained maisonette above, known as 10A Bedford Square, currently let and yielding £590.00 per month, on a monthly tenancy.
TERMS
The premises, including 10A, are offered with the balance of a ten year lease, which commenced on the 25th March 2011, with a yearly rent of £14,000 plus VAT @ 16%, with a rent review in March 2016.
Service charges are also payable, including Buildings Insurance, and this is a figure of approximately 3% of the service charges for Bedford Square as a whole - the figure currently payable is approximately £1,000 per annum.
The existing lessee is seeking a small premium - the shop was recently refurbished with new flooring, electric security shutters at the front, and rear security doors, with loading access behind.
For further information and viewing arrangements please contact this office.
Property Features :
- Favourable location
- Includes self contained maisonette above
- Sizeable floor area and frontage