1 - 28 North End Parade London W14 0SL

  • 1 - 28 North End Parade<br>London<br>W14 0SL

1 - 28 North End Parade
London
W14 0SL

Substantial Unbroken Retail Parade in fashionable West London suburb

  • Unbroken parade of 28 units (arranged as 23 shops/restaurants)
  • Approximately 1,453.64 sq m (15,647 sq ft)
  • Asset Management Opportunities
  • Affluent South-West London Suburb
  • Close to Olympia Exhibition Centre, Queens Club and Barons Court/West Kensington Underground Stations
  • First time on the market for 28 years
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    21
  • Auction
    26th March 2015
  • Rent
    £243,600 per Annum Exclusive
  • Status
    Sold
  • Price
    £3,810,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Substantial Unbroken Retail Parade in fashionable West London suburb

  • Unbroken parade of 28 units (arranged as 23 shops/restaurants)
  • Approximately 1,453.64 sq m (15,647 sq ft)
  • Asset Management Opportunities
  • Affluent South-West London Suburb
  • Close to Olympia Exhibition Centre, Queens Club and Barons Court/West Kensington Underground Stations
  • First time on the market for 28 years
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 21
  • Auction 26th March 2015
  • Rent £243,600 per Annum Exclusive
  • Status Sold
  • Price £3,810,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
1 ½ miles south-west of Hyde Park, 3 miles south-west of London’s West End
Roads
A4, Hammersmith Road (A315), M4 (Junction 1)
Rail
West Kensington Underground Station (District Line), Barons Court Underground Station (Piccadilly Line), Kensington Olympia Overground Station
Air
London Heathrow Airport
Situation

West Kensington is an affluent and fashionable West London suburb 3 miles south-west of Central London. The property is prominently situated on the west side of North End Road, between Hammersmith Road (A315) and Talgarth Road/West Cromwell Road (A4). Olympia Exhibition Centre, Queens Club and Barons Court/West Kensington Underground stations are all a short walk from the property.

Tenure

Long Leasehold. Long Leasehold for a term of 150 years and one day from 25th March 1977 at a current rent of £100 per annum exclusive, rising to £200 per annum exclusive in March 2027 and £400 per annum exclusive in March 2077.

Location
Miles
1 ½ miles south-west of Hyde Park, 3 miles south-west of London’s West End
Roads
A4, Hammersmith Road (A315), M4 (Junction 1)
Rail
West Kensington Underground Station (District Line), Barons Court Underground Station (Piccadilly Line), Kensington Olympia Overground Station
Air
London Heathrow Airport
Situation

West Kensington is an affluent and fashionable West London suburb 3 miles south-west of Central London. The property is prominently situated on the west side of North End Road, between Hammersmith Road (A315) and Talgarth Road/West Cromwell Road (A4). Olympia Exhibition Centre, Queens Club and Barons Court/West Kensington Underground stations are all a short walk from the property.

Tenure

Long Leasehold. Long Leasehold for a term of 150 years and one day from 25th March 1977 at a current rent of £100 per annum exclusive, rising to £200 per annum exclusive in March 2027 and £400 per annum exclusive in March 2077.

Description

The property, a substantial unbroken retail parade, comprises 28 retail units (arranged as 23 shops/restaurants) arranged on the ground floor and basement, forming part of a larger building.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property, a substantial unbroken retail parade, comprises 28 retail units (arranged as 23 shops/restaurants) arranged on the ground floor and basement, forming part of a larger building.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reviews/(Reversion)
1 & 2 Basement
Ground		 Ancillary
Retail
73.70 sq m
74.87 sq m
(793 sq ft)
(806 sq ft)
 A W FARAHANI (t/a Karoon Dry Cleaning) 125 years from 25/03/2000 until 2125 £100 25/03/2025 & 25 yearly
3 Basement
Ground		 Ancillary
Restaurant
16.15 sq m
22.00 sq m
(174 sq ft)
(237 sq ft)
 A BOKOR (t/a Indian Express) 20 years from 29/09/2012 until 2032 £10,000 29/09/2017 & 5 yearly
4 & 5 Basement
Ground		 Ancillary
Restaurant
44.80 sq m
53.20 sq m
(482 sq ft)
(573 sq ft)
 I FADAYEL (t/a Wasouf Lounge) 15 years from 24/12/2013 until 2028 £16,000 23/12/2018 & 23/12/2023
6 Basement
Ground		 Office/Ancillary
Retail
36.90 sq m
40.00 sq m
(397 sq ft)
(431 sq ft)
 PTL ESTATES LTD (t/a PTL Estates) 10 years from 12/05/2014 until 2024 (1) £12,000 12/05/2019
7 Basement
Ground		 Ancillary
Retail
19.50 sq m
21.70 sq m
(210 sq ft)
(234 sq ft)
 N HAMIDI (t/a N Spa) 12 years from 25/12/2004 £10,000 (24/12/2016)
8 Basement
Ground		 Ancillary
Retail
19.47 sq m
21.85 sq m
(210 sq ft)
(235 sq ft)
 D SANTACRUZ (t/a Dayanna Hair & Beauty) 20 years from 27/08/2004 until 2024 £12,200 27/08/2019
9 Basement
Ground		 Ancillary
Retail
20.10 sq m
21.70 sq m
(216 sq ft)
(234 sq ft)
 AREAROSE LIMITED 3 years from 15/09/2014
(2)		 £11,000 (14/09/2017)
10 Basement
Ground		 Ancillary
Retail
20.60 sq m
21.70 sq m
(222 sq ft)
(234 sq ft)
 M KHALID (t/a Kensington Cars Services) 25 years from 25/12/2003 until 2028 £12,000 25/12/2016 & 3 yearly
11 Basement
Ground		 Ancillary
Retail
17.00 sq m
22.78 sq m
(183 sq ft)
(245 sq ft)
 D TILIRI 20 years from 31/07/2007 until 2027 £12,000 31/07/2017 &
31/07/2022
12 Basement
Ground		 Ancillary
Retail
35.50 sq m
40.10 sq m
(382 sq ft)
(432 sq ft)
 GOLDROCK PROPERTIES LIMITED (t/a Olympia Flowers) 8 years from 01/11/2007 £12,000 31/07/2015
(31/10/2015)
13-15 Basement
Ground		 Ancillary
Retail
26.80 sq m
73.80 sq m
(288 sq ft)
(794 sq ft)
 DP REALTY LIMITED (t/a Domino's) 20 years from 19/07/2007 until 2027 £27,500 19/07/2017 &
19/07/2022
16 & 17 Basement
Ground		 Ancillary
Retail
56.17 sq m
68.49 sq m
(605 sq ft)
(737 sq ft)
 WILLIAM HILL (SOUTHERN) LIMITED (3) 15 years from 25/03/2003 £20,700 24/12/2017
(24/03/2018)
18 Basement
Ground		 Ancillary
Retail
20.00 sq m
21.90 sq m
(215 sq ft)
(236 sq ft)
 NIKKY HEALTH WELLBEING& THREADING BAR LIMITED 10 years and 1 day from 29/07/2010 until 2020 £9,000 29/07/2015
19 Basement
Ground		 Ancillary
Retail
20.40 sq m
21.90 sq m
(220 sq ft)
(236 sq ft)
 VACANT (-) (-) (-)
20 Basement
Ground		 Ancillary
Retail
20.60 sq m
21.90 sq m
(222 sq ft)
(236 sq ft)
 A M HEIDARIAN-ZADEH (t/a PC Clinic) Approx. 12 years from 21/09/2006 £9,500 (24/12/2018)
21 Basement
Ground		 Ancillary
Retail
20.60 sq m
21.90 sq m
(222 sq ft)
(236 sq ft)
 VACANT (-) (-) (-)
22 Basement
Ground		 Ancillary
Retail
20.60 sq m
21.90 sq m
(222 sq ft)
(236 sq ft)
 Z GHOLIAN (t/a Zaven Salon de Men) 10 years from 05/08/2005 £9,000 04/05/2015
23 Basement
Ground		 Ancillary
Retail
27.00 sq m
37.20 sq m
(291 sq ft)
(400 sq ft)
 G KNOWLES 125 years from 17/08/2000 until 2125 £100 17/08/2025 & 25 yearly
24 Basement
Ground		 Ancillary
Retail
32.90 sq m
34.60 sq m
(354 sq ft)
(372 sq ft)
 MR MORADI (t/a Iranian Supermarket) 20 years from 22/12/2000 until 2020 £12,000 22/12/2016
25 Basement
Ground		 Ancillary
Retail
9.80 sq m
20.30 sq m
(105 sq ft)
(219 sq ft)
 MP VEHICLE RENTALS LIMITED (t/a Elite Star Chauffeur Drive) 15 years from 21/03/2013 until 2028 £9,000 21/03/2018 &
21/03/2023
26 Basement
Ground		 Ancillary
Retail
19.90 sq m
21.00 sq m
(214 sq ft)
(226 sq ft)
 U SANDAGDORJ (t/a Mongol Centre) 5 years from 25/03/2011 £12,000 (24/03/2016)
27 Basement
Ground		 Ancillary
Retail
30.57 sq m
32.29 sq m
(329 sq ft)
(348 sq ft)
 S CHAFAA (t/a Maison du Moulin) 20 years 24/06/2014 until 2034 £12,500 24/06/2019 & 5 yearly
28 Basement
Ground		 Ancillary
Retail
50.40 sq m
57.10 sq m
(543 sq ft)
(615 sq ft)
 W EL-ALI (t/a Al Salama Supermarket) 15 years from 25/12/2009 until 2024 £15,000 25/12/2014 (Outstanding)
& 25/12/2019
Totals    
1,453.64 sq m
(15,651 sq ft)
     £243,600  

(1) The lease is subject to a tenant option to determine on 12th May 2019.
(2) The lease is subject to a tenant option to determine on 14th September 2016.
(3) The tenant is not currently in occupation of the property.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Shranks Solicitors 40 - 41 Museum Street
London
WC1A 1LT
Ben Milburn 020 7831 6677bm@shranks.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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