Fyfe Mcdade was established in 2007 by Carl Schmid and Ray Smith who, after several years of working in various sectors of the property industry, decided to create an estate agency with a difference. The company name is derived from their mother’s maiden names, Fyfe &amp; Mcdade. They had a vision of a professional estate agency, but one staffed by down to earth, friendly, like-minded people who would dispel the stereotype of the shiny suited, clipboard carrying, aggressive sales people that many people expect to encounter. Staff were instructed to always act in the best interests of their clients, but also to focus on customer service and try to develop long lasting relationships with everyone they were dealing with, be they landlord, vendor, tenant, purchaser, developer, solicitor, lender or surveyor.

Fyfe Mcdade - Commercial

A great opportunity to assign the lease of a former hair salon premises in the heart of Soho. The property comprises an open plan sales area with rear ancillary store room/office, kitchen, and WC. It offers fantastic ceiling height of approx. 3.7m and has a return glazed frontage which provides a lot of natural light. A fresh air intake system is installed and the heating is provided by wall mounted electric heaters. Peter Street in Soho is a vibrant and bustling location, situated in the heart of one of London's most eclectic neighbourhoods. The street is lined with a diverse range of businesses, including trendy cafes, lively bars, independent shops, and popular restaurants, making it a hub for local residents, tourists, and workers alike. The street is conveniently located just a stone's throw away from major transportation hubs such as Tottenham Court Road and Oxford Circus, making it easily accessible for commuters and travellers. The property is available to occupy by way of an assignment of the existing 15 year lease which expires in September 2032. The current passing rent is £26,000 pa with the next rent review scheduled for September 2024. The assignee must provide a personal guarantor as stated within the head lease. A premium of £75,000 is being sought in respect of the rent saving and assignment of the existing lease.

Property reference 143202-2. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Fyfe Mcdade - Commercial.

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 Green: Three bars, likely to have good coverage and receive a data rate to support basic web services 
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Call rate information

The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments:
 
 <ul>
 <li>A refundable holding deposit (up to 1 week’s rent)</li>
 <li>A refundable tenancy deposit (up to 5 weeks’ rent (or 6 weeks’ rent if the annual rent is £50,000 or more))</li>
 <li>A payment to alter the tenancy agreement, when requested by the tenant (up to £50 inc VAT, or reasonable costs incurred if higher)</li>
 <li>Payments associated with early termination of the tenancy when requested by the tenant</li>
 <li>Interest, at a rate of up to 3% above the Bank of England’s base rate, for late payment of rent (which is more than 14 days overdue)</li>
 <li>A default fee for the replacement of a lost key or security device</li>
 <li>Payments to service providers in respect of utilities, communication services, TV licence and council tax</li>
 <li>Other payments, permitted under appropriate legislation, including damages.</li>
 </ul>
 
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