1, 1A & 3 Hogarth Road Earls Court London SW5 0QH

  • 1, 1A & 3 Hogarth Road<br>Earls Court<br>London<br>SW5 0QH

1, 1A & 3 Hogarth Road
Earls Court
London
SW5 0QH

Freehold Retail, Leisure and Residential Investment

  • Two Retail Units, Bar/Restaurant and Four Residential Flats
  • Affluent London Location
  • Flat leases expire in 42 years
  • Prominent corner position located just off Earls Court Road (A3220)
  • Approximately 75 metres from Earls Court Underground Station (Piccadilly and District Lines)
  • Lot
    3
  • Auction
    23rd October 2014
  • Rent
    £37,066 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,000,000
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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Freehold Retail, Leisure and Residential Investment

  • Two Retail Units, Bar/Restaurant and Four Residential Flats
  • Affluent London Location
  • Flat leases expire in 42 years
  • Prominent corner position located just off Earls Court Road (A3220)
  • Approximately 75 metres from Earls Court Underground Station (Piccadilly and District Lines)
  • Lot 3
  • Auction 23rd October 2014
  • Rent £37,066 per Annum Exclusive
  • Status Sold
  • Price £1,000,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
0.8 miles south of Kensington High Street, 1 mile south-east of Hyde Park, 3 miles west of Charing Cross
Roads
A3220, A4
Rail
Earls Court Underground (Piccadilly and District Lines)
Air
London Heathrow, London City
Situation

Earls Court is an area located within the affluent borough of Kensington and Chelsea, some 3 miles west of Central London. The property is situated in a prominent corner location on the western side of Hogarth Road which runs between the busy Earls Court Road to the south and the major A4 to the north and is approximately 75 metres from Earls Court Underground Station.

Tenure

Freehold.

Location
Miles
0.8 miles south of Kensington High Street, 1 mile south-east of Hyde Park, 3 miles west of Charing Cross
Roads
A3220, A4
Rail
Earls Court Underground (Piccadilly and District Lines)
Air
London Heathrow, London City
Situation

Earls Court is an area located within the affluent borough of Kensington and Chelsea, some 3 miles west of Central London. The property is situated in a prominent corner location on the western side of Hogarth Road which runs between the busy Earls Court Road to the south and the major A4 to the north and is approximately 75 metres from Earls Court Underground Station.

Tenure

Freehold.

Description

The property comprises two retail units, a basement bar/restaurant and four residential flats over ground, first and second floors.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two retail units, a basement bar/restaurant and four residential flats over ground, first and second floors.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/(Reversion)
1 Ground Retail
21.80 sq m
(235 sq ft)
 GOLDRUSH
EUROPE LTD (1)		 25 years from 24/06/2008 until 24/06/2033 £10,000 24/06/2013 and 5 yearly (2)
1A Ground Retail
7.20 sq m
(78 sq ft)
 INDIVIDUAL
t/a Mobile Corner		 25 years from 08/03/2008 until 08/03/2033 £12,000 08/03/2013 and 5 yearly (2)
3 Basement Bar/ Restaurant
48.70 sq m
(524 sq ft)
 INDIVIDUAL
t/a Ashbees Wine Bar		 25 years from 24/06/2008 until 24/06/2033 £15,000 24/06/2018
  Ground Residential
2 x Studio Flats
 RESOLUTE
PROPERTIES
LIMITED		 99 years from 25/03/1957 £22 (25/03/2056)
  First Residential
1 x One Bedroom Flat
 INDIVIDUAL 99 years from 25/06/1957 £22 (24/06/2056)
  Second Residential
1 x One Bedroom Flat
 RESOLUTE
PROPERTIES
LIMITED		 99 years from 25/03/1957 (3) £22 (25/03/2056)
Total Commercial Floor Area
77.70 sq m
(837 sq ft)
    
£37,066

(1) Goldrush Europe Ltd was set up in 1992 and specialises in jewellery from Hong Kong, Dubai and Singapore
(Source: www.the-goldrush.co.uk 17/09/2014)
(2)The 2013 rent reviews for units 1 and 1A are outstanding.
(3)The original lease is for a term of 99 years and is due to expire on 25th March 2056. A Section 42 notice was served to extend the
lease term for a further 90 years at a peppercorn rent and the agreed premium payable is £81,400. The offer is accepted by the
Landlord who served a Section 45 notice and completion is subject to agreeing the new lease which is imminent, in which case the
lease will expire 25/03/2146 and the ground rent will be a peppercorn. The proceeds of the lease extension will belong to the Vendors.
(4) The Seller has served notice on the residential lessees under Section 5B of the Landlord and Tenant Act 1987.

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Bircham Dyson Bell LLP 50 Broadway
London
SW1H 0BL
John Stephenson 0207 783 3618johnstephenson@bdb-law.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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