51 Petty France Victoria London SW1H 9ET

51 Petty France
Victoria
London
SW1H 9ET

Freehold Retail/Residential Investment

Prime city centre location
Ground and basement let to Collage Gifts Ltd until 2020
Three self-contained residential flats to be offered with vacant possession
Located directly opposite the Wellington House Land Securities retail/residential development and less than 250 metres from Buckingham Palace
Six Week Completion Period Available
Rent rising to £35,000 per annum exclusive in 2012

Lot
7
Auction
18th October 2011
Rent
£32,500 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of Joint LPA Receivers, Edward Symmons

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Freehold Retail/Residential Investment

Prime city centre location
Ground and basement let to Collage Gifts Ltd until 2020
Three self-contained residential flats to be offered with vacant possession
Located directly opposite the Wellington House Land Securities retail/residential development and less than 250 metres from Buckingham Palace
Six Week Completion Period Available
Rent rising to £35,000 per annum exclusive in 2012

Lot 7
Auction 18th October 2011
Rent £32,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of Joint LPA Receivers, Edward Symmons

Property Information

Location

Miles: 0.3 miles from Buckingham Palace, 0.4 miles from Victoria, 0.6 miles from Westminster
Roads: B323, A302
Rail: St James Park Underground Station (District and Circle Lines) Victoria Railway Station and Underground Station (Victoria, District and Circle Lines)
Air: London City Airport

Situation

The property is situated in a prominent location on the northern side of Petty France, near its junction with Buckingham Gate. The property is situated directly opposite Wellington House, the Land Securities retail/residential development (www.landsecuritieslondon.com) and within walking distance of Buckingham Palace, Green Park, Victoria Railway Station and Westminster.

Tenure

Freehold.

Location

Miles: 0.3 miles from Buckingham Palace, 0.4 miles from Victoria, 0.6 miles from Westminster
Roads: B323, A302
Rail: St James Park Underground Station (District and Circle Lines) Victoria Railway Station and Underground Station (Victoria, District and Circle Lines)
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with basement ancillary accommodation. The property also benefits from three self-contained residential flats on first, second and third floors, accessed via Petty France.

Note:
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Basement	Retail/ Ancillary	37.99 sq m 54.75 sq m	(409 sq ft) (589 sq ft)	COLLAGE GIFTS LTD (1)	10 years from 24/06/2010 until 23/06/2020 on a full repairing and insuring lease	£32,500 (2)	24/06/2015
First	Residential – 1 Bedroom	40.19 sq m	(433 sq ft)	VACANT POSSESSION)
Second	Residential – Studio	40.81 sq m	(439 sq ft)	VACANT POSSESSION
Third	Residential – 1 Bedroom	39.61 sq m	(426 sq ft)	VACANT POSSESSION
Totals		213.35 sq m	(2,296 sq ft)			£32,500 (2)

(1) Collage Gifts Ltd has traditionally been a trading company as well as importers of gift items, specialising in London souvenirs. They also trade from another retail unit near Leicester Square. (Source: www.collagegifts.co.uk 14/09/2011)
(2) There is a fixed rental uplift to £35,000 p.a.x. on 24th June 2012.