25 Litchfield Street Covent Garden London WC2H 9NJ

25 Litchfield Street
Covent Garden
London
WC2H 9NJ

Freehold Retail and Residential Investment

Prime West End of London location
Wine bar/restaurant units with three self-contained flats
Approximately 300 metres from Leicester Square
500 metres from Covent Garden Piazza
Nearby occupiers include The Ivy, Ronnie Scotts Jazz Club, The Palace Theatre and the National Gallery
One Vacant Possession Flat to be Let

Lot
12
Auction
21st October 2010
Rent
£84,913 per Annum Exclusive
Status
Sold
Price
£2,040,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail and Residential Investment

Prime West End of London location
Wine bar/restaurant units with three self-contained flats
Approximately 300 metres from Leicester Square
500 metres from Covent Garden Piazza
Nearby occupiers include The Ivy, Ronnie Scotts Jazz Club, The Palace Theatre and the National Gallery
One Vacant Possession Flat to be Let

Lot 12
Auction 21st October 2010
Rent £84,913 per Annum Exclusive
Status Sold
Price £2,040,000
Sector
Restaurant
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Metres: 600 metres from Trafalgar Square, 400 metres from Leicester Square, 600 metres from Piccadilly Circus
Rail: Covent Garden Underground, Leicester Square Underground, Charing Cross
Air: City Airport (8.5 miles), Heathrow (15 miles)

Situation

Litchfield Street is situated in the heart of London’s West End and Theatreland within close proximity to Trafalgar Square, Leicester Square and Covent Garden Piazza. The property is situated on the north side of Litchfield Street close to The Ivy Restaurant. Other nearby occupiers include Ronnie Scotts Jazz Club, The National Gallery, The Palace Theatre and The London Coliseum.

Tenure

Freehold.

Location

Metres: 600 metres from Trafalgar Square, 400 metres from Leicester Square, 600 metres from Piccadilly Circus
Rail: Covent Garden Underground, Leicester Square Underground, Charing Cross
Air: City Airport (8.5 miles), Heathrow (15 miles)

Situation

Tenure

Freehold.

Description

The property is an attractive period building comprising a WINE BAR on the ground floor, a RESTAURANT CLUB in the basement and a RESIDENTIAL FLAT on each of the three upper floors. The third floor flat benefits from a roof terrace.

VAT

VAT is not applicable to this lot.

EPC

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

Description

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	Reversion
Ground Ground Basement Basement Basement	Wine Bar Ancillary Restaurant Club Kitchen Ancillary	39.06 sq m 10.11 sq m 48.90 sq m 16.90 sq m 2.63 sq m	(420 sq ft) (108 sq ft) (526 sq ft) (182 sq ft) (28 sq ft)	LE BEAUJOLAIS LIMITED on assignment from LE BEAUJOLAIS WINE BAR LIMITED with surety (1)	14 years from 24/06/1997	£50,000	24/06/2011
First	Residential	56.58 sq m	(609 sq ft)		Vacant Possession
Second	Residential	55.37 sq m	(596 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy for 1 year from 23/09/2010	£16,800
Third	Residential	56.20 sq m	(605 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy for 1 year from 15/04/2010	£18,113.40
Totals		285.75 sq m	(3,074 sq ft)			£84,913.40

(1) As to the ground floor and basement lease, the assignment provides an Authorised Guarantee Agreement (AGA). The original lease provides surety from individuals.