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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 retail unit occupying a prominent corner pitch with a return frontage to Beaufort Street, the property is subject to an agreement for lease with Incognito Assets Limited trading as Teds Grooming, a high-end barbers, the signed agreement is for a new 10 year lease paying £65,000 per annum. The tenant is in the process of completing their fit-out and we understand the new lease will complete shortly.
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
Tenancy
An agreement for lease has been signed with Incognito Assets Limited trading as Teds Grooming, a high-end barbers, for a 10 year lease paying £65,000 per annum.
The proposed lease is on full repairing and insuring terms and includes a tenants break option in the 5th year.
Rent