67 Chiltern Street City of Westminster London W1U 6NJ

67 Chiltern Street
City of Westminster
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

Lot
13
Auction
18th October 2011
Rent
£84,020 per Annum Exclusive
Status
Sold
Price
£1,680,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Interested?

Expand
Photos
Map

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

Lot 13
Auction 18th October 2011
Rent £84,020 per Annum Exclusive
Status Sold
Price £1,680,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 500 metres south of Regents' Park, 800 metres 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: 500 metres south of Regents' Park, 800 metres 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

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.

Note:
The purchaser will pay 1% plus VAT of the purchase price towards the Vendor’s sales costs.

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

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	Residential 1 Bedroom Flat	34.9 sq m	(376 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy Holding over	£12,480
Flat 2, 67 Chiltern Street	Third Floor	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 25/12/2010 until 24/12/2013 (1)	£12,000
Flat 4, 67 Chiltern Street	First Floor	Residential 1 Bedroom Flat	34.8 sq m	(375 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy for a term of 1 year from 27/04/2011 until 26/04/2012	£14,820
Flat 5, 67 Chiltern Street	First to Second Floor	Residential 1 Bedroom Flat	20.3 sq m	(219 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy for a term of 1 year currently holding over	£7,680
Totals			241.7 sq m	(2,603 sq ft)			£84,020