98 Crawford Street Marylebone London W1H 2HL

98 Crawford Street
Marylebone
London
W1H 2HL

Central London Medical Clinic Investment

Highly Affluent and Fashionable Central London Location
Ground and Lower Ground Floor Medical Centre with E/D1/D2 Use
Entirely Let to Charterhouse Clinics Limited until 2037 (no breaks)
Nearby occupiers include Majestic Wine, The Crawford Street Surgery (NHS) and Crawford Street Opticians

Lot
9
Auction
3rd November 2022
Rent
£60,000 per Annum Exclusive
(3)
Status
Sold
Price
£1,100,000
Auction Venue
Live Streamed Auction

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Central London Medical Clinic Investment

Highly Affluent and Fashionable Central London Location
Ground and Lower Ground Floor Medical Centre with E/D1/D2 Use
Entirely Let to Charterhouse Clinics Limited until 2037 (no breaks)
Nearby occupiers include Majestic Wine, The Crawford Street Surgery (NHS) and Crawford Street Opticians

Lot 9
Auction 3rd November 2022
Rent £60,000 per Annum Exclusive (3)
Status Sold
Price £1,100,000
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 0.5 miles south of Regents Park, 0.6 miles north of Hyde Park, 0.7 miles east of Paddington Station
Roads: A5, A40, A501 (Inner Ring Road)
Rail: Marylebone Rail Station (Bakerloo Line), Marble Arch (Central Line) Baker Street (Bakerloo, Circle, Metropolitan, Jubilee and Hammersmith & City Lines)
Air: London City Airport, London Heathrow Airport, London Gatwick

Situation

Marylebone is a highly affluent and fashionable district of Central London located immediately north of Mayfair, east of Bayswater and south of Regent’s Park. Marylebone benefits from excellent communications, being bound by Oxford Street, London’s premier retailing street, to the south, Marylebone Road (A40 and London’s Inner Ring Road) to the north and the very busy
Edgware Road (A5) to the west. The property is situated on the south side of Crawford Street between Wyndham Place and Upper Montague Street.

Tenure

Virtual Freehold. Held for a term of 999 years from October 2014 at a fixed rent of £100 per annum.

Location

Miles: 0.5 miles south of Regents Park, 0.6 miles north of Hyde Park, 0.7 miles east of Paddington Station
Roads: A5, A40, A501 (Inner Ring Road)
Rail: Marylebone Rail Station (Bakerloo Line), Marble Arch (Central Line) Baker Street (Bakerloo, Circle, Metropolitan, Jubilee and Hammersmith & City Lines)
Air: London City Airport, London Heathrow Airport, London Gatwick

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from October 2014 at a fixed rent of £100 per annum.

Description

The property comprises medical centre consulting rooms on the ground and lower ground floor. The property forms part of a larger 4 storey building.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises medical centre consulting rooms on the ground and lower ground floor. The property forms part of a larger 4 storey building.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Review/(Reversion)
Ground Lower Ground	Treatment Rooms Office/Ancillary	66.80 69.46	(719) (747)	CHARTERHOUSE CLINICS LIMITED (1)	24 years from 09/01/2013 until 08/01/2037	£60,000	09/01/2023 and 5 yearly (08/01/2037)
Total Approximate Floor Area		136.26	(1,466) (2)			£60,000 (3)

(1) Charterhouse Clinics Limited was incorporated in February 2012 and provide state of the art treatment rooms that have been fitted to the highest standard possible. It is a calming and therapeutic environment, housing some of the best dedicated and established therapy experts under one roof. (www.charterhousecliniclondon.com).
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
(3) The January 2023 rent review has been agreed at a new rent of £60,000 per annum exclusive. The current rent reserved under the terms of the lease is £56,000 p.a.x. The Seller will pay to the Buyer the difference of the current rent reserved of £56,000 p.a.x. and £60,000 p.a.x. from completion of the sale until 09/01/2023. Therefore the property will produce £60,000 p.a.x. from completion of the sale.

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.