Retail unit with three residential flats above all let on ASTs
Highly prestigious and affluent North West London location
Immediate proximity to St John’s Wood High Street
Nearby occupiers include The Ivy Café, Holland & Barrett, Space NK and Boots
Lot 9
Auction 5th December 2018
Rent £82,340 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
1.5 miles north of London’s West End
Roads
A41 Wellington Road/Finchley Road
Rail
St John’s Wood Underground Station
(Jubilee Line)
Air
Heathrow, Luton and City Airports
Situation
St John’s Wood is a highly affluent and prestigious North London residential district situated just north of Regent’s Park. The property occupies a prominent position on Allitsen Road, close to its junction with St John’s Wood High Street. The property is a five minute walk from St John’s Wood Underground, which provides access to the Jubilee Line. Nearby occupiers include The Ivy Café, Holland & Barrett, Space NK and Boots.
Tenure
Freehold.
Location
Miles
1.5 miles north of London’s West End
Roads
A41 Wellington Road/Finchley Road
Rail
St John’s Wood Underground Station
(Jubilee Line)
Air
Heathrow, Luton and City Airports
Situation
St John’s Wood is a highly affluent and prestigious North London residential district situated just north of Regent’s Park. The property occupies a prominent position on Allitsen Road, close to its junction with St John’s Wood High Street. The property is a five minute walk from St John’s Wood Underground, which provides access to the Jubilee Line. Nearby occupiers include The Ivy Café, Holland & Barrett, Space NK and Boots.
Tenure
Freehold.
Description
The property, an attractive five storey building, comprises a ground floor and basement retail unit and three self-contained residential flats located on first, second and third floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D. See legal pack at acuitus.co.uk.
Description
The property, an attractive five storey building, comprises a ground floor and basement retail unit and three self-contained residential flats located on first, second and third floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
130
Ground Basement
Retail Retail
46.44 sq m 51.56 sq m
(501 sq ft) (555 sq ft)
SHAMAN ENTERPRISES LIMITED t/a The Beauty Centre (1)
10 years from 04/06/2014
£32,000
04/06/2019 (03/06/2024)
Flat 1
First
Residential
1 Bed Flat
INDIVIDUAL
2 year AST from 01/11/2017 (2)
£16,120
(31/10/2019)
Flat 2
Second
Residential
1 Bed Flat
INDIVIDUAL
1 year AST from 01/08/2018
£17,420
(31/07/2019)
Flat 3
Third
Residential
1 Bed Flat
INDIVIDUAL
3 year AST from 11/09/2018 (3)
£16,800
(10/09/2021)
Total Commercial Area:
98.00 sq m
(1,056 sq ft)
£82,340
(1) www.thevipbeautyclub.com (2) The lease provides a tenant option to determine from 01/02/2019 on not less than 2 months’ notice. (3) The lease provides a mutual option to determine from 10/09/2019 on not less than 2 months’ notice.
NB. In accordance with the Estate Agents Act 1979, a member of ADS Real Estate is a connected person to the vendor.
Contacts
Associate Auctioneers
ADS Real Estate Advisors 6 Brook Street London W1S 1BE
