67 Chiltern Street Marylebone London W1U 6NJ

  • 67 Chiltern Street<br>Marylebone<br>London<br>W1U 6NJ

67 Chiltern Street
Marylebone
London
W1U 6NJ

Freehold Retail, Office and Residential Investment

  • Includes a retail outlet, office and four self- contained flats
  • Highly affluent West End location
  • Close to Oxford Street, Baker Street, Marble Arch and Marylebone High Street
  • Nearby occupiers include HSBC, Zizzi's and The Real Greek
  • Six Week Completion Available
  • The purchaser will pay 1% plus VAT of the purchase price towards the Vendor's sales costs
  • Lot
    10
  • Auction
    7th April 2011
  • Rent
    £87,780 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
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Freehold Retail, Office and Residential Investment

  • Includes a retail outlet, office and four self- contained flats
  • Highly affluent West End location
  • Close to Oxford Street, Baker Street, Marble Arch and Marylebone High Street
  • Nearby occupiers include HSBC, Zizzi's and The Real Greek
  • Six Week Completion Available
  • The purchaser will pay 1% plus VAT of the purchase price towards the Vendor's sales costs
  • Lot 10
  • Auction 7th April 2011
  • Rent £87,780 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
500m south of Regents' Park
800m north of Oxford Street
Roads
A40, A5, A41, M1, M40
Rail
Baker Street Tube (Bakerloo, Jubilee, Metropolitan, District and Hammersmith & City lines), Marylebone Overground/Tube (Bakerloo line), Bond Street Tube (Central and Jubilee lines)
Air
Heathrow Airport, City Airport
Situation

Paddington Street is located in Marylebone, a highly affluent London retail and residential area located, just off Baker Street. The property is located on the northern side of Paddington Street in a mixed use area. Nearby occupiers include HSBC, Zizzi's, The Real Greek and Barclays.

Tenure

Freehold.

Location
Miles
500m south of Regents' Park
800m north of Oxford Street
Roads
A40, A5, A41, M1, M40
Rail
Baker Street Tube (Bakerloo, Jubilee, Metropolitan, District and Hammersmith & City lines), Marylebone Overground/Tube (Bakerloo line), Bond Street Tube (Central and Jubilee lines)
Air
Heathrow Airport, City Airport
Situation

Paddington Street is located in Marylebone, a highly affluent London retail and residential area located, just off Baker Street. The property is located on the northern side of Paddington Street in a mixed use area. Nearby occupiers include HSBC, Zizzi's, The Real Greek and Barclays.

Tenure

Freehold.

Description

The property is an attractive period building comprising retail accommodation on the ground floor with basement ancillary accommodation, a self-contained office suite on the second floor and four self-contained one bedroom flats on the first, second, third and fourth floors. The flats and office are accessed via a separate entrance at the front of the building.

The neighbouring properties 39/40 Paddington Street and 41 Paddington Street are being offered separately as Lots 5 and 13.

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 period building comprising retail accommodation on the ground floor with basement ancillary accommodation, a self-contained office suite on the second floor and four self-contained one bedroom flats on the first, second, third and fourth floors. The flats and office are accessed via a separate entrance at the front of the building.

The neighbouring properties 39/40 Paddington Street and 41 Paddington Street are being offered separately as Lots 5 and 13.

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
67 Chiltern Street Ground
Basement		 Retail
Ancillary

38.7 sq m
38.2 sq m

(417 sq ft)
(411 sq ft)

AD FOOD & WINE LTD (t/a Fabels, on assignment from S&D Patel with AGA) 15 years from 25.03.2008 until 24.03.2023 £23,000 25.03.2011
and 3 yearly
Flat 1,
67 Chiltern Street		 Fourth Floor Flat Residential
1 Bedroom Flat

34.9 sq m

(376 sq ft)

INDIVIDUAL
 Assured Shorthold Tenancy for a term of 1 year from 21.04.2010 until 20.04.2011 £12,480  
Flat 2,
67 Chiltern Street		 Third Floor Flat Residential
1 Bedroom Flat

33.9 sq m

(365 sq ft)

INDIVIDUAL Assured Shorthold Tenancy for a term
of 1 year from 05.10.2010 until 04.10.2011 		£14,040  
2nd Floor,
67 Chiltern Street		 Second
Floor		 Office

40.9 sq m

(440 sq ft)

EASTERN STAR LIMITED 3 years from 25.12.2007 until 24.12.2010
(1) 		£12,000  
Flat 4,
67 Chiltern Street		 First Floor Flat Residential
1 Bedroom Flat

34.8 sq m

(375 sq ft)

INDIVIDUAL
 Assured Shorthold Tenancy for a term
of 1 year from 21.04.2010 until 20.04.2011 		£13,779.93  
Flat 5,
67 Chiltern Street		 First to Second
Floor Flat		 Residential
1 Bedroom Flat

20.3 sq m

(219 sq ft)

INDIVIDUAL
 Assured Shorthold Tenancy for a term
of 1 year currently holding over 		£12,480  
  Totals  

241.7 sq m
(2,603 sq ft)
     £87,779.93  

(1) As to the 2nd floor office, the lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Mishcon de Reya Summit House, 12 Red Lion Square
London
WC1R 4QD
Simon Chadowitz +44 (0)207 440 7118simon.chadowitz@mishcon.com

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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