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 14th February 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
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.
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.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Concessionary 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
