The unit comprises a retail unit.
Location
Praed Street is in the vibrant west London neighbourhood of Paddington with excellent transport links from Paddington Station, via Crossrail, Mainline Rail Heathrow Express and London Underground.
The unit is located adjacent to British Collection and Chicken Cottage. Other nearby occupiers include Subway, KFC, McDonalds, La Tazza Café, Bonne Bouche, Dawat Express and Market Halls.
Accommodation
Approximate net internal floor areas:
Ground Floor - 1,071 sq ft ( 99.50 sq m)
Basement Ancillary - 1,118 sq ft (103.86 sq m)
Terms
Lease - Subject to obtaining vacant possession (Tenant due to vacate 25th October 2025), the property is available by way a new effectively full repairing and insuring lease for a term to be agreed.
Rental - £127,500 per annum exclusive.
Business Rates - We are electronically advised by the VOA that the property is assessed as follows:
Rateable Value £100,000
Rates Payable (2025/26) £ 55,500
Energy Performance Certificate - A copy of the EPC Certificate is available upon request.
Costs - All figures quoted are exclusive of VAT where applicable.