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Status Withdrawn Post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
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.
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.
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