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5-7 Grape Street, London
Details
Description
Long-Leasehold property offered with full vacant possession.
The property is arranged with over ground and lower ground floors, and is held on a 125-year long leasehold interest from 25th March 2011(approx. 110 years unexpired). The ground rent is £200 per annum until the 20th anniversary of the term, when it increases to £400 per annum. Thereafter, it shall increase by a further £200 on each subsequent 20th anniversary of the term. The space is suitable for office occupiers, health & medical uses, galleries & retailers, restaurants and food uses, financial and professional services, sports and recreation.
Location
Located opposite Central St. Giles and only a moment’s walk from Covent Garden and Seven Dials. Occupiers have easy access to a vibrant and diverse amenity offering. The property is also well-connected with Tottenham Court Road, Covent Garden and Leicester Square on the doorstep.
The new Elizabeth line at Tottenham Court Road now offers reduced travel times across London.
Available Area
| Name/Floor | Sq Ft | Sq M | Price | Availability |
|---|---|---|---|---|
| lg | 1,315 | 122.17 | On Application | Available |
| g | 1,150 | 106.84 | On Application | Available |
| g Stairs/Storage Room | 45 | 4.18 | On Application | Available |
| m | 30 | 2.79 | On Application | Available |
| Total | 2,540 | 235.97 |
Features
- 5–7 Grape Street presents a rare opportunity to acquire a long-leasehold property with approximately 110 years unexpired, offered with full vacant possession.
- The premises comprise c.2,540 sq ft (GIA) and 2,085 sq ft (NIA) arranged over ground and lower ground floors.
- The property benefits from direct street frontage with soundproof-glazed display windows, electric roller shutters, and two fully fitted kitchens, ensuring both functionality and aesthetic appeal.
- The area has undergone significant regeneration with developments such as Princes Circus, The Now Building, and One Museum Street, reinforcing its status as an emerging investment hotspot
- Offers are invited in excess of £1,500,000 (One Million Five Hundred Thousand Pounds), subject to contract
Materials
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