Jubilee Piazza 20 Southampton Street London WC2E 7QH

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
14th February 2018
Rent
Status
Sold
Price
£255,000
Sector
Ground Rent
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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 14th February 2018
Rent
Status Sold
Price £255,000
Sector
Ground Rent
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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.

Location

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

Situation

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

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground	Market 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