The subject property is situated in a prime position on Lower Sloane Street and benefits from extremely high levels of footfall, given its close proximity to Sloane Square Underground Station, located just 200 meters to the north.
TENANCY HIGHLIGHT
The property is let by way of a new 25 year FRI lease (TBO year 15) to Oliver Brown. The passing rent of £130,000 per annum is subject to five-yearly, upward only rent reviews to the higher of CPI (Collar and cap 2-4%) and Open Market Rental Value.
COVENANT HIGHLIGHT
Oliver Brown is an institution of the Chelsea market, having thrived from its Lower Sloane Street flagship store for over thirty years. The company is an official licensee to Royal Ascot.
ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. May 2022
