Jubilee Piazza
20 Southampton Street
London
WC2E 7QH

Freehold Ground Rent in World Renowned Tourist Centre

  • Rare opportunity to acquire landmark ground rent investment in the heart of London's Covent Garden
  • Part let to Capital & Counties CG Limited and Capital & Counties CG Nominee Limited until September 2109 (approx. 91 years unexpired)
  • Destination shopping location with nearby retailers including Apple, Burberry, Mulberry, Kurt Geiger, Dior and Links of London
  • Approximately 200 metres from Covent Garden Underground Station and adjacent to The London Transport Museum
  • Rent - Peppercorn
  • Lot
    1
  • Auction
    14/Feb/2018
  • Rent
    £0 per Annum
  • Status
    Sold
  • Price*
    £255,000
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • Jubilee Piazza<br>20 Southampton Street<br>London<br>WC2E 7QH
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Property Information

Location
Rail
200 metres from Covent Garden Underground Station, 400 metres from from Charing Cross and Leicester Square Underground Stations
Air
London Heathrow
Situation

Covent Garden is located in London's West End and forms its main entertainment and theatre area. The property is located on the southern side of the world renowned Covent Garden Piazza, a pedestrianised shopping destination with retailers including Apple, Burberry, Mulberry, Kurt Geiger, Bobbi Brown and Clinique, with other nearby retailers including Boots the Chemist, Molton Brown, Hackett, Paul Smith, Starbucks, The North Face, Caffè Nero and Ted Baker. The centre of Covent Garden Piazza offers an indoor market, with tenants including L'Occitaine, Crabtree & Evelyn, Kiehl's, Links of London, Dior and Whittards of Chelsea, along with the famous Covent Garden Apple Market. Jubilee Piazza is located opposite Covent Garden Piazza and adjacent to The London Transport Museum.

Tenure

Freehold.

Description

The property comprises a ground floor market which forms part of Jubilee Piazza, and the basement, part ground, first, second, third and fourth floors let on a long lease to 20 Southampton Street Management Company Limited and underlet as nine apartments. The issued share capital in 20 Southampton Street Management Company Limited is owned by the lessees of the nine apartments.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseGross Internal Floor Areas (Approx)TenantTermRent p.a.x
GroundMarket Stalls
271.09 sq m
(2,918 sq ft)
CAPITAL & COUNTIES
CG LIMITED AND
CAPITAL & COUNTIES
CG NOMINEE
LIMITED
125 years less 10 days
from 29/09/1984 until
19/09/2109
Peppercorn
Basement/Part
Ground/First/
Second/Third/
Fourth
Residential -
Comprises 9
Apartments
-
(-)
20 SOUTHAMPTON
STREET
MANAGEMENT
COMPANY LIMITED
999 years from
13/03/2013 until
12/03/3012
Peppercorn
Total Commercial Area
271.09 sq m
(2,918 sq ft)
  Peppercorn

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    751 KB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Brecher LLP 4th Floor, 64 North Row
London
W1K 7DA
Jeremy Abram 0207 563 1000jabram@brecher.co.uk

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