Ground Floor, 101 Walton Street Kensington London SW3 2HP

  • Ground Floor, 101 Walton Street<br>Kensington<br>London<br>SW3 2HP

Ground Floor, 101 Walton Street
Kensington
London
SW3 2HP

Central London Retail Investment

  • Located within Affluent West London Area
  • Close to South Kensington Underground Station (Piccadilly, Circle & District Lines)
  • Annual Fixed Rental Increases
  • Nearby occupiers include a number of boutiques and galleries
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    1
  • Auction
    22nd October 2015
  • Rent
    £31,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £850,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Central London Retail Investment

  • Located within Affluent West London Area
  • Close to South Kensington Underground Station (Piccadilly, Circle & District Lines)
  • Annual Fixed Rental Increases
  • Nearby occupiers include a number of boutiques and galleries
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 1
  • Auction 22nd October 2015
  • Rent £31,000 per Annum Exclusive
  • Status Sold
  • Price £850,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
1.3 miles west of London Victoria, 1.6 miles south-west of Marble Arch
Roads
A4, A308
Rail
South Kensington Underground Station (Piccadilly, Circle & District Lines)
Air
London Heathrow, London City
Situation

The property is situated on the eastern side of Walton Street, a busy street between South Kensington and Knightsbridge, which runs parallel to Brompton Road (A4) and houses a number of boutiques and galleries. The property is a short walk from South Kensington Underground Station, London’s Science Museum, the Natural History Museum and Harrods.

Tenure

Long Leasehold. Held for a term of 999 years from 12 April 2005 until 11 April 3004 at a rent of £250 p.a. increasing to £350 p.a. from 2030, to £450 p.a. from 2055 and increasing by £100 p.a. 25 yearly thereafter.

Location
Miles
1.3 miles west of London Victoria, 1.6 miles south-west of Marble Arch
Roads
A4, A308
Rail
South Kensington Underground Station (Piccadilly, Circle & District Lines)
Air
London Heathrow, London City
Situation

The property is situated on the eastern side of Walton Street, a busy street between South Kensington and Knightsbridge, which runs parallel to Brompton Road (A4) and houses a number of boutiques and galleries. The property is a short walk from South Kensington Underground Station, London’s Science Museum, the Natural History Museum and Harrods.

Tenure

Long Leasehold. Held for a term of 999 years from 12 April 2005 until 11 April 3004 at a rent of £250 p.a. increasing to £350 p.a. from 2030, to £450 p.a. from 2055 and increasing by £100 p.a. 25 yearly thereafter.

Description

The property comprises a ground floor retail unit.

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 a ground floor retail unit.

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 Reversion
Ground Retail/
Ancillary		 19.04 sq m (205 sq ft) INDIVIDUALS
(t/a Chelsea Antique Rug Gallery)		 10 years from
03/04/2009		 £31,000 (1) 02/04/2019
Totals   19.04 sq m (205 sq ft)     £31,000

(1) The lease provides fixed rental increases to £32,000 p.a. in 2016, £33,000 p.a. in 2017 and £35,000 p.a. in 2018.

Contacts

Seller's Solicitors
Glovers Solicitors 6 York Street
London
W1U 6QD
Philip Shotter 0207 935 8882pshotter@glovers.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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