Key Central London Petrol Filling Station let to Malthurst Limited, trading as BP, until 2046
Affluent Central London location
Highly reversionary investment with approx. 20 years unexpired
Busy position on Vauxhall Bridge Road (A202)
One of only Three Petrol Filling Stations currently in Westminster and Pimlico
Lot 33
Auction 27th March 2025
Status Sold Prior
Price
Sector Motor Trade, Petrol Station, Ground Rent
Auction Venue Live Streamed Auction
Property Information
Location
Miles
350 yards south east of Victoria Railway Station, 1 miles south west of Central London
Roads
A3212, A302, A202
Rail
Pimlico Underground Station (Victoria Line), Victoria Railway Station (Victoria, Circle and District Lines), Vauxhall Railway Station (Victoria Line)
Air
London Heathrow Airport, London City Airport
Situation
The property is located in Pimlico, a highly affluent South West London area. The property is prominently situated on the northern side of the busy Vauxhall Bridge Road (A202), 400 metres from Pimlico Underground station and Victoria Railway Station.
Tenure
Virtual Freehold. 999 years from 01/04/1996 at a fixed peppercorn rent per annum.
Location
Miles
350 yards south east of Victoria Railway Station, 1 miles south west of Central London
Roads
A3212, A302, A202
Rail
Pimlico Underground Station (Victoria Line), Victoria Railway Station (Victoria, Circle and District Lines), Vauxhall Railway Station (Victoria Line)
Air
London Heathrow Airport, London City Airport
Situation
The property is located in Pimlico, a highly affluent South West London area. The property is prominently situated on the northern side of the busy Vauxhall Bridge Road (A202), 400 metres from Pimlico Underground station and Victoria Railway Station.
Tenure
Virtual Freehold. 999 years from 01/04/1996 at a fixed peppercorn rent per annum.
Description
The property comprises a petrol filling station and convenience store providing 8 pumps.
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 petrol filling station and convenience store providing 8 pumps.
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
Site Area Approx Ha
Site Area Approx Acres
Tenant
Term
Rent p.a.x.
Petrol Filling Station and Convenience Store
0.06
(0.14)
MALTHURST LIMITED (1)
51 years from 14/12/1995 until 13/12/2046
Peppercorn (2)
(1) For the year ending 31/12/2023 Malthurst Ltd reported a Turnover of £2,336,000, a Pre-Tax Loss of (£2,548,000) and a Net Worth of £120,334,000. (2) Upon signing this lease in December 1995, the lessee paid a premium of £1,600,000 to the lessor. Further details available within the legal pack.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
