81 GREAT TITCHFIELD STREET , W1 2,090 sqft GIA (Ground and Lower Ground Floors)

VIRTUAL FREEHOLD FOR SALE OFFICE AND RETAIL OF INTEREST TO INVESTORS & OCCUPIERS

www.rib.co.uk SUMMARY www.rib.co.uk

LOCATION The premises are situated in the heart of Fitzvrovia, between Langham Street & New Cavendish Street. The area is a mixed Commercial/residential location with the subject property being surrounded by a variety of restaurants and coffee shops. Oxford Circus and Stations are within a few minutes walking distance from the property.

DESCRIPTION The premises comprise of Ground floor retail premises that are let to the Hairdressing Salon, The K Canary Ltd t/a The King’s Canary. They hold a lease for a term to expire in April 2023, outside the Landlord & Tenant Act 1954. There is a mutual option to break the lease in April 2021. The passing rent is £42,000 per annum exclusive. The Lower Ground floor (which benefits from outside space and natural light), comprises of office accommodation and will benefit from vacant possession. By negotiation, a short term lease back can be entered into on terms to be agreed.

FLOOR AREAS AND TENANCIES

Floor Size NIA Tenant Rent Lease Expiry Date 23/04/2023 Ground 840sqft The King’s Canary £42,000pax Breakclause April 2021 Lower Ground 947sqft Vacant Possession N/A N/A TOTAL 1,787sqft £42,000pax Note - The lease is excluded from the provisions of the Landlord & Tenant Act SUMMARY www.rib.co.uk

TENURE Long Leasehold for a term of 999 years from 16th January 2015. PRICE Offers in excess of £1,600,000 subject to contract, for the benefit of the Long Leasehold interest. VAT The property is elected for VAT. LEGAL COSTS Lower Ground Floor Each party to bear their own.

For Further Information, Please Contact:

Damien Field Tel: 0207 927 0620 Email: [email protected]

Adam Ben-Harosh Tel: 020 7927 6331 Email: [email protected]

23-24 Margaret Street, London, W1W 8LF T 020 7637 0821 F 020 7637 8827

Misrepresentation Act. 1967. These particulars are intended only to give a fair description of the property and do not form the basis of a contract or any part thereof. These descriptions and all other information are believed to be correct but their accuracy is no way guaranteed.