49 Long Acre, Covent Garden, London, WC2E 9JR

49 Long Acre, Covent Garden
London, WC2E 9JR

Use Class E(a)

1,679 sq ft

£400,000

Use Class

E(a)

Size

1,679 sq ft

Rent pa

£400,000

Marketed by Stephen Kane & Co

Last updated 26/07/2017

49 Long Acre, Covent Garden, London, WC2E 9JR

Prominent retail premises

The premises are arranged on ground and basement floors.

The premises are situated in a prime position on Long Acre at the junction of Neal Street and James Street and in close proximity to Covent Garden Underground Station. The premises are adjacent to Ray-Ban and Scribbler. Nearby occupiers include Sunglass Hut, Zara, Geox, Ugg, AllSaints and M&S.

Use Class

A1

Tenure

Leasehold

Viewing

Strictly by appointment.
Staff are unaware.

Accommodation

Accommodation details below:

Areas

	sq ft	sq m
Ground Floor Sales	1,169	108
Basement	510	47.4

Financial

Lease Type

Existing Lease

Lease Term

The premises are held on an effectively full repairing and insuring basis expiring 26 April 2020. The lease is subject to a landlord only break option at any time after 1 May 2017 on 6 months’ prior written notice.

A new lease may be available from the Landlord. Further details available upon request.

Rent

The premises are held on an effectively full repairing and insuring basis at a rent of £400,000 pax expiring 26 April 2020. The lease is subject to a landlord only break option at any time after 1 May 2017 on 6 months’ prior written notice.

Rates

Transitional relief has not been applied to the above figures, however, we understand that the first year's Rates Payable will summount to £150,848.07

Rateable Year:	2017
Rateable Value:	£365,000.00
Rates Payable:	£181,406.00
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.