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
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.
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.
