Retail premises to let in Ground Floor, 67 Marchmont Street, London WC1N

Key Points

Description

A rarely available 270 sq. Ft. Retail unit holds a prime position on Marchmont Street, Bloomsbury. Presents a characterful interior with high ceilings, and a large vintage shopfront. Benefiting from excellent levels of footfall. There is also a private WC to the rear of the premises.

Location

Situated in the heart of Bloomsbury, part of the London Borough of Camden, this retail shop enjoys a central location within a vibrant and culturally rich neighbourhood. Surrounded by historic landmarks, green spaces, and an eclectic mix of shops and eateries. King's Cross St. Pancras, Euston, and Russell Square Underground Stations are a short walk away.

Terms

Available for assignment, which expires on April 29th, 2029 at an approximate annual price of £24,480. Each year's agreed rent is as follows:
1 April 2024 to 31 March 2025 - £21,600 per annum (£1,800 per calendar month)
1 April 2025 to 31 March 2026 - £21,600 per annum (£1,800 per calendar month)
1 April 2026 to 31 March 2027 - £24,000 per annum (£2,000 per calendar month)
1 April 2027 to 31 March 2028 - £26,400 per annum (£2,200 per calendar month)
1 April 2028 to 31 March 2029 - £28,800 per annum (£2,400 per calendar month)

The landlord is open to extending the lease for up to 10 years beyond the expiration of the lease.

Premium

A £20,000 premium is being sought for the fixtures and fittings, existing stock and in respect of the rent saving.