Freehold Retail, Office and Residential Investment
Prime Central London location
Active Management with Residential Conversion potential (consent granted)
Covent Garden occupiers include Hawksmoor Seven Dials, Molton Brown, Apple Store and Gucci
Six Week Completion Period Available
Lot 31
Auction 6th December 2012
Rent £9,000 per Annum Exclusive
Status Sold
Price £490,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of Soho Housing Association Limited
Property Information
Location
Miles
600 metres to Oxford Street 750 metres to Leicester Square 350 metres to British Museum 300 metres to Royal Opera House 0.6 miles to Trafalgar Square
Roads
A4, A40, A400, A501
Rail
Holborn Underground (Circle Line & Piccadilly), Tottenham Court Road (Circle), Covent
Tenure
Freehold.
Location
Miles
600 metres to Oxford Street 750 metres to Leicester Square 350 metres to British Museum 300 metres to Royal Opera House 0.6 miles to Trafalgar Square
Roads
A4, A40, A400, A501
Rail
Holborn Underground (Circle Line & Piccadilly), Tottenham Court Road (Circle), Covent
Tenure
Freehold.
Description
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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)
Lower Ground
Offices
50.83 sq m
(547 sq ft)
BYRONS LIMITED (1)
1 year from 28/09/2012 (2) (3)
£9,000
(27/09/2013)
Ground
Retail
40.12 sq m
(432 sq ft)
VACANT AND TO LET
First, Second & Third
Residential
Not measured
Not measured
INDIVIDUALS
150 years from 02/06/1988
Peppercorn
Totals
90.95 sq m
(979 sq ft)
£9,000
(1) Byron’s Management has been established for over fifteen years. They are sole management agents and represent clients in theatre, film, television and commercials. (http://www.byronscasting.co.uk/about us.aspx) (2) The lease provides for a mutual rolling option to determine the lease on six weeks’ notice. (3) The lease is outside the security of tenure of the Landlord and Tenant Act 1954.
