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
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.
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
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.
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.
