28 Hatton Wall Hatton Garden London EC1N 8JH

28 Hatton Wall
Hatton Garden
London
EC1N 8JH

Central London Retail Investment

Let to Rashbel Marketing (UK) Limited until 2022 (subject to option)
In occupation since 2005
Historic and Prestigious Hatton Garden location
Internationally recognised London Jewellery and Diamond quarter
Six Week Completion

Lot
29
Auction
23rd May 2013
Rent
£32,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Central London Retail Investment

Let to Rashbel Marketing (UK) Limited until 2022 (subject to option)
In occupation since 2005
Historic and Prestigious Hatton Garden location
Internationally recognised London Jewellery and Diamond quarter
Six Week Completion

Lot 29
Auction 23rd May 2013
Rent £32,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: Immediately north of the City of London, 0.5 miles north of Holborn, 1.5 miles east of the West End
Roads: A201, A5201
Rail: Farringdon Underground Station (Circle Line, Hammersmith & City Line, Metropolitan Line), Chancery Lane Underground Station (Central Line)
Air: London City Airport, London Heathrow Airport

Situation

Hatton Garden is renowned internationally as a Jewellery and Diamond quarter of London and is situated on the northern boundary of the City of London. The property is prominently situated on the north side of Hatton Wall which links Hatton Garden and Leather Lane. Farringdon Station is some 500 metres east and will become a major transport hub with development of
Crossrail.

Tenure

Long Leasehold. Held from Diamondpool Limited for a term of 125 years from completion of the sale at a ground rent of £250 p.a.x. Please note the freehold could be available under a separate negotiation subject to serving the necessary notices under the Landlord and Tenant Act 1987.

Location

Miles: Immediately north of the City of London, 0.5 miles north of Holborn, 1.5 miles east of the West End
Roads: A201, A5201
Rail: Farringdon Underground Station (Circle Line, Hammersmith & City Line, Metropolitan Line), Chancery Lane Underground Station (Central Line)
Air: London City Airport, London Heathrow Airport

Situation

Tenure

Description

The property comprises a double retail unit providing office/ancillary accommodation in the basement and retail accommodation on the ground floor. The property benefits from a recent refurbishment programme including new roof.

VAT
It is envisaged that the sale will be a Transfer of a Going Concern (TOGC), so no VAT will be payable if the buyer qualifies under the TOGC regulations.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Basement Ground	Office/Ancillary Retail	70.47 sq m 69.54 sq m	(759 sq ft) (748 sq ft)	RASHBEL MARKETING (UK) LIMITED (1)	10 years from 01/12/2012 until 2022 on a full repairing and insuring lease (2)	£32,000	01/12/2017
Totals		140 sq m	(1,507 sq ft)			£32,000

(1) Rashbel Marketing (UK) Limited was established in 1999 and specialises in the supply of jewellery accessories/tools to the general public and the jewellery trade.
(2)The lease provides for a Tenant option to determine the lease on 01/12/2017 and a photographic Schedule of Condition.