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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 and basement retail unit, the property is let to Get a Drip Franchise Limited trading as Get a Drip, a boutique wellness clinic, on a 10 year lease expiring 14.09.2033 and paying £58,000 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 Get a Drip Franchise Limited trading as Get a Drip, a boutique wellness clinic, on a 10 year lease expiring 14.09.2033 and paying £58,000 per annum.
The lease is on full repairing and insuring terms and includes an upward only, open market, rent review in the 5th year.
The lease also includes a tenants break option in the 5th year with a £14,500 penalty if served.
The lease is contracted outside of the Security of Tenure provisions of the Landlord and Tenant 1954 Act.
Rent