80 Edgware Road London W2 2EA

80 Edgware Road
London
W2 2EA

Central London Retail Investment

Let to tenant trading as AL Razi Pharmacy
Shop lease expires March 2027 (no breaks)
Located between London Marriott Hotel Marble Arch and Marble Arch Underground Station in popular Central London location
Asset management opportunities

Lot
28
Auction
5th December 2018
Rent
Gross: £53,900 per Annum
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Charitable Trust

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Central London Retail Investment

Let to tenant trading as AL Razi Pharmacy
Shop lease expires March 2027 (no breaks)
Located between London Marriott Hotel Marble Arch and Marble Arch Underground Station in popular Central London location
Asset management opportunities

Lot 28
Auction 5th December 2018
Rent Gross: £53,900 per Annum
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Charitable Trust

Property Information

Location

Miles: 0.3 miles from Hyde Park, 0.6 miles from Regent’s Park
Roads: A5 (Edgware Road), A40 (Westway), A4202 (Park Lane)
Rail: Edgware Road Station (450m), Marble Arch Railway Station (550m)
Air: London Heathrow Airport

Situation

The property is prominently situated on the eastern side of Edgware Road (A5), at its junction with Stourcliffe Street and south of its junction with George Street. The property is located between The Marriott Hotel (Marble Arch) and Marble Arch Underground Station. Other nearby retailers on Edgware Road include Tesco Metro, Waitrose, Boots the Chemist, Starbucks, Pret a Manger, Caffè Nero and branches of Lloyds, HSBC, and Halifax banks.

Tenure

Leasehold. Held on an intermediate leasehold interest for a term of 90 years less three days from 25th March 1937 expiring 21st March 2027 at a fixed rent of £100 p.a. The freehold is held by The Portman Estate.

Location

Miles: 0.3 miles from Hyde Park, 0.6 miles from Regent’s Park
Roads: A5 (Edgware Road), A40 (Westway), A4202 (Park Lane)
Rail: Edgware Road Station (450m), Marble Arch Railway Station (550m)
Air: London Heathrow Airport

Situation

Tenure

Description

The property comprises a pharmacy arranged on the ground floor and basement, forming part of a larger building.

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 comprises a pharmacy arranged on the ground floor and basement, forming part of a larger building.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground Basement	Pharmacy Ancillary	42.40 sq m 66.30 sq m	(456 sq ft) (714 sq ft)	INDIVIDUAL t/a Al Razi Pharmacy	A term of years from 13/11/2017 until 19/03/2027 on a full repairing and insuring lease	£53,900	12/11/2022
Total		108.70 sq m	(1,170 sq ft)			£53,900