£1,500,000
(£590.55/sq. ft)
Retail premises for saleCovent Garden Retail Space For Sale, 5-7 Grape Street, London WC2H
2,540 sq. ft
About this property
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
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.
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