Belgravia Gallery, 23 Maddox Street

23 Maddox Street
London, W1S 2QN

Use Class E(a)

922 sq ft

£58,000

Use Class

E(a)

Size

922 sq ft

Rent pa

£58,000

Marketed by Stephen Kane & Co

Last updated 26/07/2017

PROMINENT CLASS A1 PREMISES
LEASE FOR SALE
DUE TO RELOCATION

The premises occupy a prominent location on the southern side of Maddox Street, a prime retail thoroughfare connecting Regent Street and Bond Street. Retailers in close proximity include Holland and Barrett, Vital Ingredient and Furla along with a number of well established restaurants including Patara, Goodman and Hibiscus.

Use Class

A1

Tenure

Leasehold

Viewing

Strictly by appointment.
Staff are unaware.

Accommodation

Accommodation details below:

Areas

	sq ft	sq m
Ground FLoor	922	85.7

Financial

Lease Type

Existing Lease

Lease Term

The premises are held on an effectively full repairing and insuring lease for a term of 10 years from the 23 August 2012, subject to 5 yearly upward only rent reviews.
The lease is within the Landlord & Tenant Act 1954 Part II.
There is a tenant only break option at the end of the fifth year, August 2017.

Incentive

PREMIUM
Offers invited for our client’s valuable leasehold interest.

Rent Review

2017/08 - 5 years

Rates

We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above. Interested parties are advised to make their own enquiries to the Local Authority.

Rateable Year:	2015
Rateable Value:	£44,000.00
Rates Payable:	£21,868.00
UBR:	49.7p/£

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Last Updated

26/07/2017

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.