143 / 145 North End Road
West Kensington
London
London
W14 9NH

Reversionary Retail Investment

  • Affluent West London suburb
  • Occupational lease outside the security of tenure provisions of the Landlord and Tenants Act 1954
  • 500 metres south of Kensington Olympia
  • Prominently located 100 metres north of West Kensington Underground sStation
  • Nearby occupiers include Sainsbury's Local
  • Lot
    27
  • Auction
    14/Feb/2018
  • Rent
    £15,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 143 / 145 North End Road<br>West Kensington<br>London<br>London<br>W14 9NH
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Property Information

Location
Miles
500m south of Kensington Olympia, 3 miles south-west of the West End
Roads
A4, A3220, A40
Rail
West Kensington Underground, Kensington Overground Station
Air
Heathrow Airport
Situation

West Kensington is an affluent West London suburb situated approximately 3 miles south-west of the West End. The property is prominently situated on the east side of North End Road, 0.1 miles from West Kensington Underground Station. Nearby occupiers include Sainsbury’s Local and an eclectic mix of local traders.

Tenure

Virtual Freehold. Held on a 999 year lease from 29th September 1997 at a peppercorn rent.

Description

The property comprises a double fronted retail unit with retail accommodation on ground floor and a substantial basement of a similar size to the ground floor which forms part of a larger residential building.

VAT

VAT is not applicable to this lot.

Planning

There is consent for a Change of Use to Class A3 (Restaurant and Café) date 27/07/2017, a copy of which is available for inspection in the legal pack.

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)TenantTermConcessionary Rent
(pax)
Ground
Basement
Retail
Retail
82.68 sq m
82.68 sq m
(890 sq ft)
(890 sq ft)
INDIVIDUAL
t/a West Kensington Pound,
Syed Mobiles and Rug and
Carpet Gallery
Approximately
6 months from
29/9/2017 to
06/04/2018
£15,000
Total
165.36 sq m
(1,780 sq ft)
  £15,000

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    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
Clifford Harris & Co 58 Queen Anne Street
London
W1G 8HW
0207 486 0031
Martin Selwood +44 (0)207 486 0031ms@cliffordharris.co.uk

Useful Links

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