180 Drury Lane Covent Garden London WC2B 5QF

180 Drury Lane
Covent Garden
London
WC2B 5QF

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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Soho Housing Association Limited

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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.