130 Allitsen Road St. John's Wood London NW8 7AU

130 Allitsen Road
St. John's Wood
London
NW8 7AU

Rare Freehold Retail and Residential Investment Opportunity

Retail unit with three x 1 bedroom residential flats above all let on AST's
Highly prestigious and affluent North West London location
Immediate proximity to St. John’s Wood High Street and Lords Cricket Ground
Nearby occupiers include The Ivy Café, Zadig & Voltaire, Space NK and Boots

Lot
9
Auction
12th July 2022
Rent
£92,880 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Rare Freehold Retail and Residential Investment Opportunity

Retail unit with three x 1 bedroom residential flats above all let on AST's
Highly prestigious and affluent North West London location
Immediate proximity to St. John’s Wood High Street and Lords Cricket Ground
Nearby occupiers include The Ivy Café, Zadig & Voltaire, Space NK and Boots

Lot 9
Auction 12th July 2022
Rent £92,880 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

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 district situated just north of Regent’s Park and is home to the world famous Lords Cricket Ground. 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, Zadig & Voltaire, Space NK, Boots and a host of many upmarket independent retailers.

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

Tenure

Freehold.

Description

The property forms part of an attractive terrace and comprises a striking five storey building. Internally, the property provides a ground floor and basement retail unit with three self-contained residential flats located on first, second and third floors. The residential accommodation is accessed via Allitsen Road.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion.

EPC

Available within the legal pack.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion.

EPC

Available within the legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx sq m)	Floor Areas (Approx sq ft)	Tenant	Term	Rent p.a.x.	Rent Review / (Reversion)
130	Ground Basement	Retail Retail	46.44 51.56	(501) (555)	LAVISH HAIR AND BEAUTY LIMITED (1)	10 years from 04/06/2014 (2)(3)	£36,000	(03/06/2024)
Flat 1	First	Residential	1 Bed Flat		INDIVIDUAL	1 year AST from 31/03/2022	£20,280	(30/03/2023)
Flat 2	Second	Residential	1 Bed Flat		INDIVIDUAL	2 year AST from 30/12/2021 (4)	£19,200	(29/12/2023)
Flat 3	Third	Residential	1 Bed Flat		INDIVIDUAL	1 year AST from 24/09/2021	£17,400	(23/03/2022)
Total Commercial Floor Area			98.00	(1,056 sq ft)			£92,880

(1) https://lavishhairbeautyclinic.com
(2) A rent deposit of £9,000 is held by the vendor.
(3) The lease has been assigned from Shaman Enterprises Limited.
(4) The lease provides a mutual option to determine from 29/12/2022 on not less than 2 months’ notice.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.