Confidentially Available – Class A1/E Lease For Sale
Prime Unit Adjacent to Gails Bakery
On behalf of the Watches of Switzerland Group

LOCATION
The property is situated in an excellent trading location in a prime location in the centre of the High Street adjacent to Gails Bakery and opposite David Clulow and The White Company.

Retailers in Close proximity include Mint Velvet, Sweaty Betty, Space NK, Anthropologie, The Ivy Café, Seasalt, Farrow & Ball, Castle Fine Art, CP Hart, Suzie Watson Designs and Martin Moore Kitchens alongside a number of established leading estate agents.

TENURE
The premises are held on an effectively full repairing and insuring lease for a term of 15 years expiring 23 May 2031 being inside the Landlord and Tenant Act 1954 Part II.

There is a tenant only break option 23 May 2026 on 6 months’ notice.

RENT
£40,000 pax subject to an upward only rent review effective 24 May 2026.

PREMIUM
Offers invited for this valuable leasehold interest.

ACCOMMODATION
The premises are arranged over ground and 1st floors with the following approximate floor areas:

Ground Floor Sales                  830 sq ft / 77.11  sq m
Ground Floor Ancillary           177 sq ft  / 16.44 sq m
First Floor Ancillary                83 sq ft  /   7.71 sq m

RATES 2024/25
Rateable Value: £36,000
Rates Payable (UBR Multiplier: £0.499): £17,694

A business may be entitled to 75% off the chargeable amount, up to a figure of £110,000, from 1 April 2024 to 31 March 2025. All interested parties should verify the business rates with the relevant local authority.

VIEWING
By appointment with sole agents Stephen Kane & Company.

Alex Robinson ar@stephenkane.co.uk | +44(0)7594 715 757

Ewan Stacey es@stephenkane.co.uk | +44(0)7415 336 490

George Brooke gb@stephenkane.co.uk | +44(0)7739 913 888

MARKETING DETAILS