3 Marylebone High Street
Marylebone
London
W1U 4NG

Central London Retail Investment

  • 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
    04/Apr/2019
  • Rent
    £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
Important Auction & Property Update
  • 3 Marylebone High Street<br>Marylebone<br>London<br>W1U 4NG
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
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
£183,90024/06/2022
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).

Property Documents

  • Catalogue Page
    Updated Date
    10.04.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    10.04.19
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Edwin Coe LLP 2 Stone Buildings, Lincoln’s Inn
London
WC2A 3TH
Natalie Cameron 020 7691 4155natalie.cameron@edwincoe.com

Useful Links

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