58, Queensway, Bayswater London W2 3RL

58, Queensway, Bayswater
London
W2 3RL

Freehold Retail, Office and Residential Investment

Highly affluent and fashionable West End location
Neighbouring occupiers include McDonald’s, Barclays Bank, Carphone Warehouse,
Sainsbury's, Starbucks and The major Whiteleys Shopping Centre
150 metres from Hyde Park
Opposite Bayswater Underground Station
Active management potential

Lot
18
Auction
23rd May 2013
Rent
£104,183 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Freehold Retail, Office and Residential Investment

Highly affluent and fashionable West End location
Neighbouring occupiers include McDonald’s, Barclays Bank, Carphone Warehouse,
Sainsbury's, Starbucks and The major Whiteleys Shopping Centre
150 metres from Hyde Park
Opposite Bayswater Underground Station
Active management potential

Lot 18
Auction 23rd May 2013
Rent £104,183 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 150m from Hyde Park, 1 mile west of Oxford Street, 1 mile east of Notting Hill and Kensington
Roads: A40, Bayswater Road (A402), Edgware Road (A5)
Rail: Bayswater Underground Station (Circle Line, District Line), Queensway Underground Station (Central Line), London Paddington Railway Station
Air: London City Airport, London Heathrow Airport

Situation

The highly affluent and fashionable West End suburb of Bayswater is one of Central London's most prestigious and desirable retail, office and residential locations. The property is situated in a prominent corner location on the east side of Queensway at its junction with Inverness Place. The property occupies a prime position opposite Bayswater Underground Station. Neighbouring occupiers include McDonald’s, Barclays Bank, Carphone Warehouse, Sainsbury's, Starbucks and The major Whiteleys Shopping Centre.

Tenure

Freehold.

Location

Miles: 150m from Hyde Park, 1 mile west of Oxford Street, 1 mile east of Notting Hill and Kensington
Roads: A40, Bayswater Road (A402), Edgware Road (A5)
Rail: Bayswater Underground Station (Circle Line, District Line), Queensway Underground Station (Central Line), London Paddington Railway Station
Air: London City Airport, London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises an attractive end of terrace period building comprising 2 retail units on the ground floor with ancillary accommodation in the basement. The first to fourth floors consist of residential flats with offices on the first and second floor mezzanine levels. The offices and flats are accessed separately via Inverness Place.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
58 Queensway	Basement Ground	Ancillary Retail	86.77 sq m 45.20 sq m	(934 sq ft) (487 sq ft)	MR LIN JUN WEN t/a San Ling Medical Centre	20 years from 01/02/2012 until 2032	£54,500	01/02/2017
58a Queensway	Ground	Retail	19.88 sq m	(214 sq ft)	INSTYLE (LONDON) LIMITED t/a London Mobile Gadgets	10 years from 28/11/2003	£37,500	(27/11/2013)
7 Inverness Place 1 (Lower)	First	Office	11.71 sq m	(126 sq ft)	MR MOHAMEDFAOUD CHEDDOUD	6 months from 10/12/2012	£4,766.70 (1)	(09/06/2013)
7 Inverness Place	Second	Office	12.17 sq m	(131 sq ft)	S PAVITHRAN	1 year from 25/07/2012	£5,416.70 (1)	(24/07/2012)
7 Inverness Place - Flat 1		Residential			INDIVIDUAL (2)	150 years from 1st January 2003 until 2152	£500
7 Inverness Place - Flat 3		Residential			INDIVIDUAL (2)	150 years from 1st January 2003 until 2152	£500
7 Inverness Place - Flat 4		Residential			INDIVIDUAL (2)	150 years from 1st January 2003 until 2152	£500
7 Inverness Place - Flat 5		Residential			INDIVIDUAL (2)	150 years from 1st January 2003 until 2152	£500
Total Commercial Floor Area			175.73 sq m	(1,892 sq ft)			£104,183.40

(1) As to the first and second floor offices, the rents shown above are inclusive of business rates.
(2) The seller has served notices on the residential tenants under Section 5 of the Landlord and Tenant Act 1987.