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
    14/Feb/2018
  • Rent
    £85,661 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Medical/Healthcare
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 99 Regent's Park Road<br>Primrose Hill<br>London<br>London<br>NW1 8UR
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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.

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

Bidder'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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx) (4)TenantTermRent 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
Second1 Bedroom Flat
52.73 sq m
(567 sq ft)
INDIVIDUALSLet on an Assured
Shorthold Tenancy
agreement for a term of
12 months until
30/12/2018
£12,732
Third1 Bedroom Flat
52.73 sq m
(567 sq ft)
INDIVIDUALSLet on an Assured
Shorthold Tenancy
agreement for a term of
12 months until
13/09/2018
£17,729
FourthStudio 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.

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    24.01.18
    File Size
    2 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Crumplins Solicitors 77 Haverstock Hill
London
NW3 4SL
Marc Da Costa 0207 483 0282marcdacosta@crumplinsolicitors.co.uk

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