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Status Withdrawn Post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
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.
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
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.
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.
