Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles south-west of Central London
Roads
A3, A4, A205 (South Circular Road)
Rail
Parsons Green Underground (District Line)
Air
Heathrow, City Airport
Situation
The property is situated in the affluent South-West London district of Parsons Green some 5 miles south-west of Central London. The property is prominently located on the south side of New Kings Road at its junction with Alderville Road and is some 300 metres from Hurlingham Park and 500 metres from Parsons Green Underground Station. Nearby occupiers include Ladbrokes, Starbucks and Featherstone Leigh.
Tenure
Freehold.
Location
Miles
5 miles south-west of Central London
Roads
A3, A4, A205 (South Circular Road)
Rail
Parsons Green Underground (District Line)
Air
Heathrow, City Airport
Situation
The property is situated in the affluent South-West London district of Parsons Green some 5 miles south-west of Central London. The property is prominently located on the south side of New Kings Road at its junction with Alderville Road and is some 300 metres from Hurlingham Park and 500 metres from Parsons Green Underground Station. Nearby occupiers include Ladbrokes, Starbucks and Featherstone Leigh.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor and benefits from a return frontage. The upper floors comprise of a residential maisonette which have been let on a long lease.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail accommodation on the ground floor and benefits from a return frontage. The upper floors comprise of a residential maisonette which have been let on a long lease.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Basement Ground
Ancillary Retail
46.40 sq m 88.70 sq m
(499 sq ft) (955 sq ft)
COUNTRYWIDE ESTATE AGENTS (t/a John D Wood) (1)
10 years from 15/09/2015 on a full repairing and insuring lease (2)
£50,000
15/09/2020 (14/09/2025)
First and Second and Third
Residential
Not Measured
INDIVIDUALS
125 years from 25/03/1982
£50
Total Commercial Floor Area
135.10 sq m
(1,454 sq ft)
£50,050
(1) For the year ending 31st December 2014, Countrywide Estate Agents reported a turnover of £368,663,000, pre-tax profits of £59,720,000 and a total net worth of £104,361,000. (Source: www.riskdisk.com 15/06/2015). (2)The tenant is currently holding over on a 10 year lease at a current rent reserved of £40,000 per annum exclusive. Heads of terms for the new 10 year lease from 15/09/2015 have been agreed but not yet completed.