Includes two retail outlets and four self-contained flats
Highly affluent West End location
Close to Oxford Street, Baker Street, Marble Arch and Marylebone High Street
Nearby occupiers include HSBC, Zizzi's and The Real Greek
Six Week Completion Available
The purchaser will pay 1% plus VAT of the purchase price towards the Vendor's sales costs
Lot 13
Auction 7th April 2011
Rent £121,900 per Annum Exclusive
Status Sold
Price £2,355,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
500 metres south of Regents Park
800 metres north of Oxford Street
Roads
A40, A5, A41, M1, M40
Rail
Baker Street Tube (Bakerloo, Jubilee, Metropolitan, District and Hammersmith & City lines), Marylebone Overground/Tube (Bakerloo line), Bond Street Tube (Central and Jubilee lines)
Air
Heathrow Airport, City Airport
Situation
Paddington Street is located in Marylebone, a highly affluent London retail and residential area located just off Baker Street. The property is located on the northern side of Paddington Street in a mixed use area. Nearby occupiers include HSBC, Zizzi's, The Real Greek and Barclays.
Tenure
Freehold.
Location
Miles
500 metres south of Regents Park
800 metres north of Oxford Street
Roads
A40, A5, A41, M1, M40
Rail
Baker Street Tube (Bakerloo, Jubilee, Metropolitan, District and Hammersmith & City lines), Marylebone Overground/Tube (Bakerloo line), Bond Street Tube (Central and Jubilee lines)
Air
Heathrow Airport, City Airport
Situation
Paddington Street is located in Marylebone, a highly affluent London retail and residential area located just off Baker Street. The property is located on the northern side of Paddington Street in a mixed use area. Nearby occupiers include HSBC, Zizzi's, The Real Greek and Barclays.
Tenure
Freehold.
Description
The property is an attractive corner period building comprising retail accommodation on the ground floor and four self-contained residential flats on the first, second and third floors. There is ancillary accommodation in the basement.
The neighbouring properties 41 Paddington Street and 67 Chiltern Street are being offered separately as Lots 5 and 10
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 is an attractive corner period building comprising retail accommodation on the ground floor and four self-contained residential flats on the first, second and third floors. There is ancillary accommodation in the basement.
The neighbouring properties 41 Paddington Street and 67 Chiltern Street are being offered separately as Lots 5 and 10
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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
39 Paddington Street
Ground Basement
Retail Ancillary
30.3 sq m 59.5 sq m
(326 sq ft) (640 sq ft)
PLAN MEDIA (t/a Bagel Factory) (1)
15 years from 30.04.1998 until 29.04.2013
£23,500
Flat 1, 39 Paddington Street
First
Residential – 1 Bedroom Flat
31.0 sq m
(334 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy for a term of 1 year from 14.12.2010 until 13.12.2011
£11,700
Flat 2, 39 Paddington Street
Second & Third
Residential – 3 Bedroom Maisonette
59.8 sq m
(643 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy for a term of 1 year from 05.05.2010 until 04.05.2011
£23,400
Flat 3, 39 Paddington Street
Second & Third
Residential – 3 Bedroom Maisonette
64.3 sq m
(692 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy for a term of 1 year from 06.08.2010 until 05.08.2011
£26,000.04
Flat 4, 39 Paddington Street
Third
Residential – 1 Bedroom Flat
27.5 sq m
(296 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy for a term of 1 year from 23.11.2010 until 22.11.2011
