- Bureau de Change with all security features built in
- In the centre of busy Queensway
- New 15 year lease
Bureau de Change / Retail unit with new 15 year lease in the centre of busy Queensway, close to Bayswater tube station and the new Whiteleys development. Viewing by appointment only.
The property comprises a retail unit that has been trading for over 20 years as a Bureau de Change. Under the current planning laws it is available for general retail use. It is fronted with folding security glass doors giving onto a vestibule of 7.6 sq m which leads via a security door to the front office of 10.82 sq m. Beyond this there is the back office of 17.86 sq m with separate toilet and kitchen areas at the rear. The total available internal space is 38.23 sq m.
The property has been a Bureau de Change for the last twenty years and retains all the security features for that use. Under the new property laws it is available for most retail uses, but not for fast food takeaway or as a restaurant.
It is situated in the centre of vibrant Queensway, close to McDonald’s and Burger King and next door to the world famous Four Seasons Chinese restaurant. The area has many residents and large numbers of tourists staying in the local hotels. Once the Whiteleys redevelopment is finished the area is expected to become even busier.
The property will be provided with vacant possession, including all the furniture and fittings of the Bureau de Change.
The property is available with a new 15 year lease.
Rent: £60,000 per annum
Lease Start: on signing in 2021
Lease End: 2036
Rent Reviews: Every 5 years
Rent Deposit: 6 months rent
Ground Floor Internally: 38.23 sq m (412 sq ft)
Rateable Value: £49,000
Rates Payable 21/22: £1,900 per annum
Each party is to be responsible for their own legal costs
• Bayswater (50m)
• Queensway (200m)
• Paddington (1km)
Viewings strictly by appointment.