99 Regent's Park Road Primrose Hill London London NW1 8UR

  • 99 Regent's Park Road<br>Primrose Hill<br>London<br>London<br>NW1 8UR

99 Regent's Park Road
Primrose Hill
London
London
NW1 8UR

Freehold Healthcare and Residential Investment

  • Highly affluent and highly fashionable North London district
  • First time on the market for 73 years
  • Let to Individual Doctors with rent reimbursed to the tenant by the NHS (1)
  • Includes three self-contained flats
  • Lot
    19
  • Auction
    14th February 2018
  • Rent
    £85,661 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Healthcare and Residential Investment

  • Highly affluent and highly fashionable North London district
  • First time on the market for 73 years
  • Let to Individual Doctors with rent reimbursed to the tenant by the NHS (1)
  • Includes three self-contained flats
  • Lot 19
  • Auction 14th February 2018
  • Rent £85,661 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Medical Centre/Doctors, Healthcare
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
0.5 miles north of Regent's Park, 2 miles north of Mayfair, 3.5 miles north-west of the City of London
Roads
B509, A41, A502, M1
Rail
Chalk Farm Underground Station, Kentish Town West Overground
Air
Heathrow Airport, London City Airport
Situation

Primrose Hill is a highly affluent and highly fashionable North London district some 2 miles north of Mayfair. The property is prominently situated on the west side of Regent’s Park Road on the main commercial pitch. Nearby occupiers include Space NK, Lemonia, Savills and a variety of luxury boutique shops, cafés and restaurants.

Tenure

Freehold.

Location
Miles
0.5 miles north of Regent's Park, 2 miles north of Mayfair, 3.5 miles north-west of the City of London
Roads
B509, A41, A502, M1
Rail
Chalk Farm Underground Station, Kentish Town West Overground
Air
Heathrow Airport, London City Airport
Situation

Primrose Hill is a highly affluent and highly fashionable North London district some 2 miles north of Mayfair. The property is prominently situated on the west side of Regent’s Park Road on the main commercial pitch. Nearby occupiers include Space NK, Lemonia, Savills and a variety of luxury boutique shops, cafés and restaurants.

Tenure

Freehold.

Description

The property, an attractive mid terrace building, comprises ground and first floor surgery accommodation with three self-contained residential flats on the second, third and fourth floors. The flats are accessed via a separate entrance on Regent’s Park Road. The property also has a basement, which is accessed via a hatch in the residential common parts (3). The surgery also occupies the adjoining property, to which there is internal access between the two properties.

VAT

VAT is not applicable to this lot.

Note

The Buyer will pay 3% of the purchase price to the Seller. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

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

Description

The property, an attractive mid terrace building, comprises ground and first floor surgery accommodation with three self-contained residential flats on the second, third and fourth floors. The flats are accessed via a separate entrance on Regent’s Park Road. The property also has a basement, which is accessed via a hatch in the residential common parts (3). The surgery also occupies the adjoining property, to which there is internal access between the two properties.

VAT

VAT is not applicable to this lot.

Note

The Buyer will pay 3% of the purchase price to the Seller. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) (4) Tenant Term Rent p.a.x
Ground
First		 Surgery
Surgery
61.00 sq m
22.00 sq m
(657 sq ft)
(237 sq ft)
 INDIVIDUAL
DOCTORS
t/a Primrose Hill
Surgery (1)		 15 years from
26/02/2001 (2)		 £55,200
Second 1 Bedroom Flat
52.73 sq m
(567 sq ft)
 INDIVIDUALS Let on an Assured
Shorthold Tenancy
agreement for a term of
12 months until
30/12/2018		 £12,732
Third 1 Bedroom Flat
52.73 sq m
(567 sq ft)
 INDIVIDUALS Let on an Assured
Shorthold Tenancy
agreement for a term of
12 months until
13/09/2018		 £17,729
Fourth Studio Flat
34.51 sq m
(371 sq ft)
 VACANT
POSSESSION		    
Totals
222.97 sq m
(2,399 sq ft)
     £85,661

(1) We understand that the tenants as Registered General Practitioners qualify under The National Health Services Act 1977. The National Health Service (General Medical Services - Premises Costs) (England) Directions 2004 provides for the Primary Care Trust to reimburse for leasehold premises rental costs. A copy of the directive is available in the legal pack.
(2) Tenant currently holding over. The lease is inside the security of tenure provisions of the Landlord and Tenant Act 1954.
(3) The Auctioneers have not inspected the basement.
(4) The residential floor areas stated above are Gross Internal Areas and include common parts.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Crumplins Solicitors 77 Haverstock Hill
London
NW3 4SL
Marc Da Costa 0207 483 0282marcdacosta@crumplinsolicitors.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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