26 - 28 Gloucester Road South Kensignton London SW7 4RB

26 - 28 Gloucester Road
South Kensignton
London
SW7 4RB

Freehold Retail and Residential Investment

Tenants include Fara Enterprises Limited t/a Fara and Trinity Hospice Shops limited
Highly affluent South West London suburb
Approximately 600m south of Kensington Palace, 500m from the Royal Albert Hall and 500m from the Natural History and Science Museums
Nearby occupiers include Druce, Douglas & Gordon, Toni & Guy, Oddbins and Starbucks

Lot
19
Auction
18th October 2018
Rent
£66,500 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Residential Investment

Tenants include Fara Enterprises Limited t/a Fara and Trinity Hospice Shops limited
Highly affluent South West London suburb
Approximately 600m south of Kensington Palace, 500m from the Royal Albert Hall and 500m from the Natural History and Science Museums
Nearby occupiers include Druce, Douglas & Gordon, Toni & Guy, Oddbins and Starbucks

Lot 19
Auction 18th October 2018
Rent £66,500 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 1 mile west of Belgravia, 1.5 miles south-west of Mayfair, 300m south of Hyde Park
Roads: A4, M4
Rail: Gloucester Road Underground (Circle, District and Piccadilly Lines)
Air: Heathrow Airport, London City Airport

Situation

South Kensington is a highly affluent and fashionable district of West London located within the Royal Borough of Kensington and Chelsea. The locality is home to infamous London landmarks including the Royal Albert Hall, the Natural History, Science and Victoria & Albert Museums and Imperial College London. The property is prominently located on the west side of Gloucester Road, with nearby occupiers including Druce, Douglas & Gordon, Toni & Guy, Oddbins and Starbucks

Tenure

Freehold.

Location

Miles: 1 mile west of Belgravia, 1.5 miles south-west of Mayfair, 300m south of Hyde Park
Roads: A4, M4
Rail: Gloucester Road Underground (Circle, District and Piccadilly Lines)
Air: Heathrow Airport, London City Airport

Situation

Tenure

Freehold.

Description

The property is two attractive terrace buildings comprising two ground floor retail units with basement ancillary accommodation and a four bedroom maisonette on the first and second floors extending across both buildings. The retail units also benefit from a courtyard to the rear.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversions)
26	Ground Basement	Retail Ancillary	48.8 sq m 57 sq m	(525 sq ft) (613 sq ft)	FARA ENTERPRISES LIMITED (1)	10 years from 7/10/2011	£34,000	(6/10/2021)
28	Ground Basement	Retail Ancillary	45.7 sq m 45.8 sq m	(492 sq ft) (493 sq ft)	TRINITY HOSPICE SHOPS LIMITED (2)	10 years from 19/01/2015	£32,500	19/01/2020 (18/01/2025)
	First and Second	4 bedroom maisonette	not measured		INDIVIDUALS	999 years from 14/08/2015	Peppercorn
Total Commercial			197.3 sq m	(2,123 sq ft)			£66,500

(1) Fara Foundation is a registered charity (No 1139349) with HRH The Prince of Wales as the royal patron. The charity benefits vulnerable and disadvantaged children and young people in Romania. Fara Enterprises Limited was incorporated in 1992 and is ultimately owned by Fara Foundation and operates 43 FARA charity shops in London (www.faracharity.org).
(2) Royal Trinity Hospice is a registered charity (No 1013945) with HRH The Duchess of Cornwall as the royal patron. Founded in 1891 Royal Trinity Hospice is England’s oldest hospice. Royal Trinity Hospice Shops Limited was incorporated in 1985 and is ultimately owned by Royal Trinity Hospice and operates from 29 charity shops in London.