Ginger & White, 1 Village Mount Perrins Court, Hampstead London NW3 1QU

Ginger & White, 1 Village Mount
Perrins Court, Hampstead
London
NW3 1QU

Affluent North London Suburb Café Investment

Let to G & V Coffee Limited until 2031
2023 Tenant Break Option Not Exercised
Highly Affluent and Attractive North London.
100 Metres from Hampstead Underground Station
600m south of Hampstead Heath
Situated in Busy and Attractive passageway linking Hampstead High Street and Heath Street.
Adjacent to the historic Hampstead Antique Market.
Neighbouring occupiers include Savills Estate Agents, Goldschmidt Estate Agent, Sainsbury's, Tesco, Waterstones, Brandy Melville, Gail's Bakery and numerous independent retailers

Lot
2
Auction
18th May 2023
Rent
£21,000 per Annum Exclusive
rising to £23,500 (3)
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

Interested?

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Affluent North London Suburb Café Investment

Let to G & V Coffee Limited until 2031
2023 Tenant Break Option Not Exercised
Highly Affluent and Attractive North London.
100 Metres from Hampstead Underground Station
600m south of Hampstead Heath
Situated in Busy and Attractive passageway linking Hampstead High Street and Heath Street.
Adjacent to the historic Hampstead Antique Market.
Neighbouring occupiers include Savills Estate Agents, Goldschmidt Estate Agent, Sainsbury's, Tesco, Waterstones, Brandy Melville, Gail's Bakery and numerous independent retailers

Lot 2
Auction 18th May 2023
Rent £21,000 per Annum Exclusive rising to £23,500 (3)
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2.5 miles north of London's West End, 4.5 miles worth west of the City of London
Roads: A502, B511, A1, A406 (North Circular Road)
Rail: Hampstead Underground Station, Belsize Park Underground
Air: London Heathrow Airport, London City Airport, London Luton AIrport

Situation

Hampstead is a highly affluent an attractive north London suburb and home to the popular and ancient 800 acres Hampstead Heath park with it famous Swimming Ponds

The property is situated on the north side of the busy pedestrianised Perrin's Court , linking Hampstead High Street with Heath Street. Neighbouring occupiers include Savills Estate Agents, Goldschmidt Estate Agent, Sainsbury's, Tesco, Waterstones, Brandy Melville, Gail's Bakery and an eclecticmix of independent retailers.

Tenure

Long Leasehold. Held for a term of 275 years from 25th December 1975 until 24th December 2250 at a current rent reserved of one peppercorn per annum.

Location

Miles: 2.5 miles north of London's West End, 4.5 miles worth west of the City of London
Roads: A502, B511, A1, A406 (North Circular Road)
Rail: Hampstead Underground Station, Belsize Park Underground
Air: London Heathrow Airport, London City Airport, London Luton AIrport

Situation

Tenure

Long Leasehold. Held for a term of 275 years from 25th December 1975 until 24th December 2250 at a current rent reserved of one peppercorn per annum.

Description

The property comprises an attractive ground floor commercial unit with access from Perrins Court and from the Antique Market at the rear.

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 an attractive ground floor commercial unit with access from Perrins Court and from the Antique Market at the rear.

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 Area sq m (1)	Floor Area sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review
Ground	Retail	21.60	(233)	G & V COFFEE LIMITED (CRN: 11919246)	15 years from 18/08/2016 until 17/09/2031 (2)	£21,000 (3)	17/08/2026 (3)
Total Approximate Floor Area		21.60	(233)			£21,000 rising to £23,500 (3)

(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/113912063).
(2) The occupational lease provides for a tenant option to determine the lease on 18/08/2023, subject to 6 months written notice, however the tenant has not served their notice
(3) The occupational lease provides for a fixed increase in rent to £23,500 per annum exclusive on 18/08/2026

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.