500 metres south of Natural History and Science Museums
1 km south-west of Knightsbridge
Nearby occupiers include Foxtons, Barclays Bank and Gourmet Burger Kitchen
Six Week Completion
Lot 3
Auction 18th October 2011
Rent £28,625 per Annum Exclusive
Status Sold
Price £540,000
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
500 metres south of the Natural History and Science Museums, 1 km south of Hyde Park
Roads
A4, A308, 3218
Rail
South Kensington (Piccadilly, Circle and District tube lines) Gloucester Road (Piccadilly, Circle and District tube lines
Air
London Heathrow
Situation
The property is located in fashionable South Kensington, within the highly affluent Royal Borough of Kensington and Chelsea, south west of Knightsbridge and Mayfair. The property is situated on the busy Old Brompton Road and has good communications via road, bus and tube links. Nearby occupiers include Foxtons, Barclays Bank and Gourmet Burger Kitchen.
Tenure
Freehold.
Location
Miles
500 metres south of the Natural History and Science Museums, 1 km south of Hyde Park
Roads
A4, A308, 3218
Rail
South Kensington (Piccadilly, Circle and District tube lines) Gloucester Road (Piccadilly, Circle and District tube lines
Air
London Heathrow
Situation
The property is located in fashionable South Kensington, within the highly affluent Royal Borough of Kensington and Chelsea, south west of Knightsbridge and Mayfair. The property is situated on the busy Old Brompton Road and has good communications via road, bus and tube links. Nearby occupiers include Foxtons, Barclays Bank and Gourmet Burger Kitchen.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with residential accommodation on the two upper floors.
Note
NB: The purchaser will pay 1% plus VAT of the purchase price towards the Vendor’s sales costs.
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 ground floor retail accommodation with residential accommodation on the two upper floors.
Note
NB: The purchaser will pay 1% plus VAT of the purchase price towards the Vendor’s sales costs.
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
Reviews (Reversion)
Ground
Retail
52.03 sq m
(560 sq ft)
MR AND MRS MALIK (t/a Expert Cleaner) on Assignment (1)
15 years from 20/08/1999
£28,500
(2014)
First/Second
Residential
Not Measured
INDIVIDUAL
125 years from 24/03/1999
£125
2024 and 2 yearly (1)
Totals
52.03 sq m
(560 sq ft)
£28,625
(1) The ground rent on the flat increases by £100 at every review. The residential leaseholder is responsible for 75% of the service charge on the building with the commercial tenant making up the remaining 25%
