Entirely let to The Republic of Cuba until 2023 (subject to options)
Permitted use includes residential use necessary for the operation of an Embassy
Tenant in occupation since 1994
Nearby landmarks include Shaftesbury Theatre, Central St Giles and The British Museum
Six Week Completion Period Available
Lot 10
Auction 29th March 2012
Rent £81,500 per Annum Exclusive
Status Sold
Price £1,400,000
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
0.1 miles to New Oxford Street, 0.2 miles to Tottenham Court Road, 0.4 miles to Covent Garden, 0.6 miles to The Strand
Roads
A40, A401, A4,
Underground
Tottenham Court Road (Central and Northern Line), Holborn(Central and Piccadilly Line) Covent Garden (Piccadilly Line)
Air
City Airport, Gatwick International Airport and Heathrow International Airport
Situation
The property is situated in a Conservation Area on Grape Street in a prime position between the West End and The City, linking Shaftesbury Avenue with High Holborn. The property lies directly behind Shaftesbury Theatre and benefits from excellent access to London’s major tourist locations including Covent Garden, New Oxford Street, Tottenham Court Road and The Strand. Numerous underground stations are all within walking distance.
Tenure
Freehold.
Location
Miles
0.1 miles to New Oxford Street, 0.2 miles to Tottenham Court Road, 0.4 miles to Covent Garden, 0.6 miles to The Strand
Roads
A40, A401, A4,
Underground
Tottenham Court Road (Central and Northern Line), Holborn(Central and Piccadilly Line) Covent Garden (Piccadilly Line)
Air
City Airport, Gatwick International Airport and Heathrow International Airport
Situation
The property is situated in a Conservation Area on Grape Street in a prime position between the West End and The City, linking Shaftesbury Avenue with High Holborn. The property lies directly behind Shaftesbury Theatre and benefits from excellent access to London’s major tourist locations including Covent Garden, New Oxford Street, Tottenham Court Road and The Strand. Numerous underground stations are all within walking distance.
Tenure
Freehold.
Description
The property comprises a historic office building arranged over basement, ground and three upper floors. The property is accessed from a separate entrance on Grape Street and is also interlinked with 17 Grape Street and 179 High Holborn which the tenant also occupies.
Note
The purchaser will pay 1% plus VAT of the purchase price towards the Vendor’s sales costs.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a historic office building arranged over basement, ground and three upper floors. The property is accessed from a separate entrance on Grape Street and is also interlinked with 17 Grape Street and 179 High Holborn which the tenant also occupies.
Note
The purchaser will pay 1% plus VAT of the purchase price towards the Vendor’s sales costs.
VAT
VAT is 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
Basement Ground First Second Third
Storage Reception/Office Office Office Office
62.90 sq m 75.10 sq m 74.30 sq m 68.30 sq m 68.30 sq m
15 years from 25/12/2008 until 2023 on a repairing and insuring lease (1)
£81,500
29/09/2013 and five yearly
Totals
348.9 sq m (2)
(3,755 sq ft) (2)
£81,500
(1) There is a tenant only option to determine on the 25th December 2013 and the 25th December 2018, on providing no less than 6 months’ prior written notice. (2) Please note that these areas have been provided by the vendor. The Auctioneers are unable to verify these areas due to the restricted access to the building.
Contacts
Seller's Solicitors
Hamlins Solicitors Roxburghe House, 273-287 Regent Street London W1B 2AD
