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The property comprises a prime, rarely available, retail investment opportunity situated on one of London's busiest retail streets.
Arranged as a ground floor retail unit, the property is let to E8 Chelsea Limited (t/a Eighty-8 Nail Studio) on a recently agreed 10 year lease with no breaks expiring 15.01.2034 and paying £57,000 per annum.
The property occupies a prime pitch fronting Kings Road, one of London's best known retail streets in the heart of Chelsea. The property forms part of an established parade characterised by a mix of local and boutique retailers as well as a number of bars and restaurants, with the famous Bluebird Restaurant immediately opposite. The street benefits from very high levels of footfall and low vacancy.
Tenure
Long Leasehold - Expires 20.06.2076 - Peppercorn Rent
Tenancy
The property is let to E8 Chelsea Limited (t/a Eighty-8 Nail Studio) on a recently agreed 10 year lease with no breaks expiring 15.01.2034 and paying £55,000 per annum.
There is a fixed rental uplift to £57,000 per annum in May 2025 and the Vendor will "top up" the rent to this level from completion.
The lease is on full repairing and insuring terms includes an upward only, open market, rent review in the 5th year.