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.
