Strutton Ground, London
This 400 sq ft prime retail unit in the heart of Victoria, Strutton ground is a real hub of activity with continuous trade throughout the day. Boosted by being the location of one of Victorias busiest street food markets. Victoria is also one of London's fastest growing residential areas.
Compromising of a ground floor Lock up Shop, the premises benefits from 3 Phase power supply, Kitchenette and WC to the rear. The premises has E use and would be suitable for a variety of uses, subject to the necessary consents.
Available on an existing 20-year lease from 2019 at £24500 + VAT PA with 5 yearly rent reviews. The lease is currently outside the 1954 Landlord and tenant act. The agreement for it to be inside the act is currently being processed with the landlord.
The premium sought: 25000
Business rates with Westminster city council.
Rateable value £20,750.
Rates payable approx. £5,177 pa. (With Retail Discount of 50% through WCC)
Interested parties should make their own enquiries via the local authority or valuation office at www.voa.gov.uk James of Westminster cannot guarantee any figures.
James of Westminster ltd charges £250 + vat for reference checks for incoming
tenants. these fees are non-refundable in the event that the deal is not completed
by either party.
Tenants or purchasers wishing to secure this property will be required to pay a
holding deposit to James of Westminster Ltd of £5000. This deposit is not
refundable except if the vendor withdraws, clear title cannot be proved or the
tenants’ references are not acceptable to the landlord. This deposit is held in our
clients account until completion.
