86 Margaret Street & 70/71 Wells Street, Fitzrovia, London, W1W 8TE

1,500 - 4,000 sq ft
Add to
shortlist
  • property thumbnail
  • property thumbnail
  • property thumbnail
  • property thumbnail
  • property thumbnail

Amenities

  • Excellent natural light (showroom)
  • Generous floor to ceiling heights
  • Ground floor street presence
  • Ancillary offices and storage
  • Demised WCs and kitchenette
  • Live/work space (70/71 Wells Street)

The available space is in two parts. Ideally to be let together, yet can be let separately.  Ground floor showroom & 1st floor mezzanine office space with street frontage and entrance onto Margaret Street. The front showroom benefits from a huge floor to ceiling height.  There is an adjoining B1 live/work space on the 1st and 2nd floors with access from 70/71 Wells Street or via the showroom (which has ancillary B1 & Workshop use).

The property is prominently located on the corner of Margaret Street and Wells Street in the heart of Fitzrovia. Transport links are good, with Oxford Circus and Tottenham Court Road a short walk away.


Terms

TenureLeasehold
LeaseAs assignment of the existing rare lease(s) until March 2025, subject to rent reviews in March 2020 and inside the Landlord & Tenant Act 1954.
Passing Rent£29,405 pax (unit 1) £14.70 psf pax £18,630 pax (unit 2) £12.60 psf pax
PremiumA large premium is required for the benefit of this lease and low passing rent.
RatesEstimated at £6.00 psf pa (2017/18)
Service ChargeTBC

Floor Areas

sq ft | sq m
Unit 1 - Ground & 1st 2,500 sq ftMeasurement in terms of NIA
Unit 2 - 1st & lower 2nd1,500 sq ftMeasurement in terms of GIA
Total (approx)4,000 sq ft

Contact us for a viewing or more information on 020 7025 1390