3 Marylebone High Street Marylebone London W1U 4NG

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
4th April 2019
Rent
Gross: £183,900 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of Colliers Capital

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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 4th April 2019
Rent Gross: £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

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.

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

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.

Description

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
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	£183,900	24/06/2022 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).