Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
2 miles west of London’s West End, 1.5 miles west of Paddington Station, 0.8 miles north of Holland Park
Roads
A40, A3220
Rail
Notting Hill Gate (Central Line) and Ladbroke Grove (Hammersmith & City and Circle Line) Underground Stations
Air
London Heathrow Airport, London City Airport
Situation
Notting Hill is a highly attractive, fashionable and affluent West London suburb, located some 2 miles west of Marble Arch and Oxford Street, approximately 1 mile north of Holland Park and Kensington Gardens. The property is situated on the south side of Elgin Crescent between its junction with both Portobello Road and Kensington Park Road. Neighbouring occupiers include Neil’s Yard Remedies, Cath Kidston and Kurt Geiger as well as an eclectic mix of boutique retailers and the famous Portobello Road Market.
Tenure
Freehold.
Location
Miles
2 miles west of London’s West End, 1.5 miles west of Paddington Station, 0.8 miles north of Holland Park
Roads
A40, A3220
Rail
Notting Hill Gate (Central Line) and Ladbroke Grove (Hammersmith & City and Circle Line) Underground Stations
Air
London Heathrow Airport, London City Airport
Situation
Notting Hill is a highly attractive, fashionable and affluent West London suburb, located some 2 miles west of Marble Arch and Oxford Street, approximately 1 mile north of Holland Park and Kensington Gardens. The property is situated on the south side of Elgin Crescent between its junction with both Portobello Road and Kensington Park Road. Neighbouring occupiers include Neil’s Yard Remedies, Cath Kidston and Kurt Geiger as well as an eclectic mix of boutique retailers and the famous Portobello Road Market.
Tenure
Freehold.
Description
The property, an attractive unit, comprises basement and ground floor retail/ancillary accommodation and a self-contained maisonette accessed from the front of the property.
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, an attractive unit, comprises basement and ground floor retail/ancillary accommodation and a self-contained maisonette accessed from the front of the property.
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
Basement Ground
Ancillary Retail
53.40 sq m 57.10 sq m
(574.80 sq ft) (614.62 sq ft)
SAVE THE CHILDREN FUND (t/a Mary’s Living and Giving) (1)
10 years from 26/06/2015 on a full repairing and insuring lease (2)
£60,000
26/08/2020
First and Second
Residential Maisonette
Not Measured
INDIVIDUAL
125 years from 01/01/2013
£500 (3)
Total Commercial Area
110.50 sq m
(1,189 sq ft)
£60,500
(1) For the year ending 31/12/2014, Save the Children Fund reported pre-tax profits of £14,346,000 and a total net worth of £108,094,000. (Source: www.experian.co.uk 21/09/2015) (2)The lease provides for a tenant’s option to determine the lease on 25/08/2021, subject to no less than 6 months notice. (3)The ground rent is £500 p.a.x. until 31/12/2036 and then doubles every 25 years of the term.