Let to Sweaty Betty Limited until 2028 (no breaks)
Busy position on Marylebone High Street
Highly affluent and fashionable central London location
Nearby occupiers include The White Company, Pret a Manger, Neal’s Yard, Whistles and Barclays Bank
Lot 8
Auction 4th April 2019
Rent Gross: £183,900 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of Colliers Capital
Property Information
Location
Miles
0.6 miles south west of Regent’s Park.
Roads
B542, A501, A5
Rail
Marylebone Station (Rail and Bakerloo Line)
Bond Street (Central and Jubilee Lines)
Baker Street (Bakerloo, Circle, Metropolitan, Jubilee and Hammersmith & City Lines)
Air
London City Airport, London Heathrow Airport, London Gatwick
Situation
Marylebone is a highly affluent and fashionable district of Central London located immediately north of Mayfair, east of Bayswater and south of Regent’s Park. Marylebone benefits from excellent communications, being bound by Oxford Street, London’s premier retailing street, to the south, Marylebone Road (A40 and London’s Inner Ring Road) to the north and the very busy Edgware Road (A5) to the west. Nearby occupiers include The White Company, Pret a Manger, Neal’s Yard, Whistles and Barclays Bank.
Tenure
Leasehold. Held from 23/12/1980 until 01/04/2028 at a fixed peppercorn rent.
Location
Miles
0.6 miles south west of Regent’s Park.
Roads
B542, A501, A5
Rail
Marylebone Station (Rail and Bakerloo Line)
Bond Street (Central and Jubilee Lines)
Baker Street (Bakerloo, Circle, Metropolitan, Jubilee and Hammersmith & City Lines)
Air
London City Airport, London Heathrow Airport, London Gatwick
Situation
Marylebone is a highly affluent and fashionable district of Central London located immediately north of Mayfair, east of Bayswater and south of Regent’s Park. Marylebone benefits from excellent communications, being bound by Oxford Street, London’s premier retailing street, to the south, Marylebone Road (A40 and London’s Inner Ring Road) to the north and the very busy Edgware Road (A5) to the west. Nearby occupiers include The White Company, Pret a Manger, Neal’s Yard, Whistles and Barclays Bank.
Tenure
Leasehold. Held from 23/12/1980 until 01/04/2028 at a fixed peppercorn rent.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation and benefits from a garage to the rear. The property is part of a larger building, the remainder of which does not form part of the sale.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E. See legal pack at acuitus.co.uk.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation and benefits from a garage to the rear. The property is part of a larger building, the remainder of which does not form part of the sale.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Basement Garage
Retail Ancillary
67.91 sq m 71.26 sq m 49.30 sq m
(731 sq ft) (767 sq ft) (530 sq ft)
SWEATY BETTY LIMITED (1)
From 22/02/2011 until 29/03/2028 on a full repairing and insuring lease
£183,900
24/06/2022 and 24/06/2027
Total
188.41 sq m
(2,028 sq ft)
£183,900
1) For the year ending 31 December 2017, SWEATY BETTY LIMITED reported a turnover of= £47,890,052, pre-tax profits of £1,303,969 and a total net worth of £7,058,393 (Source: Experian Group 28/02/2019). Sweaty Betty was founded in 1998 in London and now has 60 shops globally (Source: www.sweatybetty.com 28/02/2019).
Contacts
Seller's Solicitors
Edwin Coe LLP 2 Stone Buildings, Lincoln’s Inn London WC2A 3TH
