FLAGSHIP RETAIL OPPORTUNITY
SITUATION 17 Albemarle Street is prominently situated adjacent to The Royal Institution at the prime northern end of Albemarle Street. Located on the eastern side of the street, the property is in close proximity to the junction with Grafton Street. Albemarle Street runs north from Piccadilly into Mayfair and is bordered by Old Bond Street to the east and Dover Street to the west, with Berkeley Square and Green Park in the immediate vicinity. Entrance reception
LOCATION BOND STREET OXFORD STREET BOND STREET (HANOVER SQ) HANOVER OXFORD CIRCUS GREAT MARLBOROUGH STREET WARDOUR STREET 17 Albemarle Street is located on one of London s most sought after retail destinations in the heart of Mayfair. Albemarle Street lies parallel to Bond Street and Dover Street and is bordered to the south by Piccadilly. Mayfair lies at the centre of London s West End and continues to be seen as its most exclusive retail and restaurant destination. The area has a mix of top quality office buildings, high end residential accommodation, fine dining, top quality hotels and high class luxury retail centred around the world renowned Bond Street. The Bond Street Quarter incorporating Bond, Dover, Albemarle and Grafton Streets is emerging as the pre-eminent retail destination for retail, fashion and art as evidenced by the recent lettings to Alexander Wang, Amanda Wakeley, Aquazzura, Faliero Sarti, Moncler and Thom Browne. The area also has the following world renowned art galleries: David Zwirner, Marlborough Fine Art, Mazzoleni Gallery, Galerie Thaddaeus Ropac and Jerome Zodo. GROSVENOR MOUNT STREET BROOK STREET DAVIES STREET NEW BOND STREET OLD BOND STREET GROSVENOR STREET BERKELEY BRUTON STREET 5 1 BERKELEY STREET 5 6 MADDOX STREET DOVER STREET 2 4 7 CONDUIT STREET SAVILE ROW 1 3 2 14 12 REGENT STREET I7 13 SACKVILLE STREET 15 9 10 7 8 6 4 5 3 11 6 ST JAMES S STREET 1 PICCADILLY GOLDEN GLASSHOUSE ST REGENT STREET 3 JERMYN STREET BREWER STREET 4 ST JAMES S PICCADILLY CIRCUS REGENT STREET CURZON STREET GREEN PARK KING STREET PALL MALL RETAIL 1 Wolf & Badger 2 Acne 3 Varana 4 Victoria Beckham 5 Vanessa Bruno 6 David Zwirner Gallery 7 Alexander Wang 8 De Beers 9 Fortnum & Mason 10 Hatchards 11 Turnbull & Asser 12 Paul Smith 13 Burlington Arcade 14 Moncler 15 Thom Browne HOTELS 1 Browns 2 Dukes 3 Le Meridien 4 The Cavendish 5 The Mayfair 6 The Ritz 7 The Stafford 7 RESTAURANTS 1 Bentley s Oyster Bar 2 Nobu 3 Quaglino s 4 Rowley s 5 The Wolseley 6 Wiltons 7 Isabel
ACCOMMODATION FIRST FLOOR GROUND FLOOR LOWER GROUND FLOOR The premises have been refurbished and are arranged over ground and lower ground and have the following net internal floor areas: 90 sq m (968 sq ft) 85.19 sq m (917 sq ft) 92.90 sq m (1,000 sq ft) GROUND 85.19 sq m 917 sq ft LOWER GROUND 92.90 sq m 1,000 sq ft TOTAL 178.09 sq m 1,917 sq ft In addition to the ground and lower ground the first floor can also be made available. The net internal floor areas of the first floor are as follows: LIFT LIFT FIRST FLOOR 90 sq m 968 sq ft TOTAL 90 sq m 968 sq ft LOBBY/ COMMON AREAS NORTH Plans not to scale. Indicative only.
LEASE TERMS New lease available for a term to be agreed. The lease will be subject to five yearly upward only rent reviews. The lease will be contracted outside the security of tenure provisions of the 1954 Landlord & Tenant Act (Part II) as amended. RENT Ground Floor & Lower Ground - Rent on Application First Floor - 125,000 per annum exclusive. EPC Available on request. COSTS Each party is to be responsible for their own professional costs in the transaction. PLANNING The Ground, Lower Ground and First Floors have A1 Retail planning consent. BUSINESS RATES The rateable value for the premises from April 2017 will be as follows: Ground & Lower Ground - 92,000 First Floor - 54,000 Interested parties are advised to contact Westminster City Council or the Valuation Office for further enquiries. First floor
Viewing and further information strictly by appointment through sole agents MATT PAULSON-ELLIS matt.paulson-ellis@levyllp.co.uk 020 7747 0151 DAN RIDGERS dan.ridgers@levyllp.co.uk 020 7747 0153 ROGER SHARPLEY roger.sharpley@levyllp.co.uk 020 7747 0150 MISREPRESENTATION ACT 1967 LEVY REAL ESTATE LLP for themselves and for the Vendors or Lessors of this property whose agents they are given notice that: all descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other details are unless otherwise stated indicative only. Any intending purchasers or tenants should not rely on them as statements or representations of fact or as warranties but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Any services mentioned have not been tested and therefore prospective occupiers should satisfy themselves as to their operation. These particulars are produced in good faith and set out a general guide only and do not constitute part of any offer or contract. No person in the employment of Levy Real Estate LLP has any authority to make or give representation or warranty in relation to this property. All prices and rents are quotes exclusive of VAT unless otherwise stated.