For Sale £2,250,000 STC - Commercial, For Sale, Investments, Offices
Long Leasehold Ground Floor Offices with Own Entrance – For Sale
George Street London W1
Located on the North side of George Street close to junction with Seymour Place and Edgware Road. Transport and shopping facilities are moments away together with open spaces of Hyde Park.
Accommodation is on the ground floor, with its own street door entrance . The area is divided into various private offices, meeting rooms, reception area, kitchen and WC’s and approx 1,950 sqft (176.52sqm). The property has existing B1 (office) use.
The property is held on a lease expiring 24th March 2123. The lease has approx 104 years remaining with a ground rent payable of £300pa until 25th December 2025, doubling every 25 years.
We understand the property is not elected for VAT.
Each party to be responsible for their own legal costs.
Service Charge – we understand service charge payments are in region of £14,000pa, but subject to variation.
Business Rates – TBA , City of Westminster