Redevelopment potential/reconfiguration (subject to consents)
Close to Oxford Street, Marble Arch and Baker Street
500 metres south of Regents' Park
Neighbouring occupiers include FedEx, UPS and Majestic Wine
Rent is per annum exclusive with 1 Flat to be Let
Lot 3
Auction 22nd February 2011
Rent £28,312 per Annum Exclusive
Status Sold
Price £875,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
500 metres south of Regents' Park, 800 metres north of Oxford Street, 900 metres north of Marble Arch
Roads
A40, A5, A41, M1, M40
Rail
Baker Street Tube (Bakerloo, Jubilee, Metropolitan, District and Hammersmith & City Lines), Marylebone Overground/Tube (Bakerloo Line)
Air
Heathrow Airport, City Airport
Situation
Marylebone is a highly affluent Central London retail and residential district located between Hyde Park and Regents' Park. Oxford Street and Marble Arch are just a short walk to the south. The property is situated on Crawford Street between the junctions with Gloucester Street and Upper Montagu Street. Neighbouring occupiers include FedEx, UPS and Majestic Wine.
Tenure
Freehold.
Location
Miles
500 metres south of Regents' Park, 800 metres north of Oxford Street, 900 metres north of Marble Arch
Roads
A40, A5, A41, M1, M40
Rail
Baker Street Tube (Bakerloo, Jubilee, Metropolitan, District and Hammersmith & City Lines), Marylebone Overground/Tube (Bakerloo Line)
Air
Heathrow Airport, City Airport
Situation
Marylebone is a highly affluent Central London retail and residential district located between Hyde Park and Regents' Park. Oxford Street and Marble Arch are just a short walk to the south. The property is situated on Crawford Street between the junctions with Gloucester Street and Upper Montagu Street. Neighbouring occupiers include FedEx, UPS and Majestic Wine.
Tenure
Freehold.
Description
The property is an ATTRACTIVE CORNER PERIOD BUILDING comprising RETAIL ACCOMMODATION on the ground floor and THREE SELF-CONTAINED RESIDENTIAL STUDIO FLATS on the first, second and third floors. There is ANCILLARY ACCOMMODATION in the basement.
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 is an ATTRACTIVE CORNER PERIOD BUILDING comprising RETAIL ACCOMMODATION on the ground floor and THREE SELF-CONTAINED RESIDENTIAL STUDIO FLATS on the first, second and third floors. There is ANCILLARY ACCOMMODATION in the basement.
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
112 Crawford Street
Ground Basement
Retail Ancillary
23.58 sq m 29.19 sq m
(254 sq ft) (314 sq ft)
MAHMOUD ELZAYAT (t/a Senator Estates)
5 years from 25/12/2007 until 2012
£15,000
First
Residential
Studio
INDIVIDUAL
Regulated Tenancy commenced 04/10/2007
£5,512
Second
Residential
Studio
INDIVIDUAL
Assured Shorthold Tenancy for a term of 1 year from 24/04/2009 to 23/04/2010 (1)
£7,800
Third
Residential
Studio
VACANT POSSESSION
Totals
52.77 sq m
(568 sq ft)
£28,312
(1) As to the second floor Assured Shorthold Tenancy, the tenant is currently holding over.
