Cuban Embassy 15 Grape Street London WC2H 8DR

Cuban Embassy
15 Grape Street
London
WC2H 8DR

Freehold Central London Embassy

Entirely let to The Republic of Cuba until 2023 (subject to options)
Permitted use includes residential use necessary for the operation of an Embassy
Tenant in occupation since 1994
Nearby landmarks include Shaftesbury Theatre, Central St Giles and The British Museum
Six Week Completion Period Available

Lot
10
Auction
29th March 2012
Rent
£81,500 per Annum Exclusive
Status
Sold
Price
£1,400,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Central London Embassy

Entirely let to The Republic of Cuba until 2023 (subject to options)
Permitted use includes residential use necessary for the operation of an Embassy
Tenant in occupation since 1994
Nearby landmarks include Shaftesbury Theatre, Central St Giles and The British Museum
Six Week Completion Period Available

Lot 10
Auction 29th March 2012
Rent £81,500 per Annum Exclusive
Status Sold
Price £1,400,000
Sector
Office
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 0.1 miles to New Oxford Street, 0.2 miles to Tottenham Court Road, 0.4 miles to Covent Garden, 0.6 miles to The Strand
Roads: A40, A401, A4,
Underground: Tottenham Court Road (Central and Northern Line), Holborn(Central and Piccadilly Line) Covent Garden (Piccadilly Line)
Air: City Airport, Gatwick International Airport and Heathrow International Airport

Situation

The property is situated in a Conservation Area on Grape Street in a prime position between the West End and The City, linking Shaftesbury Avenue with High Holborn. The property lies directly behind Shaftesbury Theatre and benefits from excellent access to London’s major tourist locations including Covent Garden, New Oxford Street, Tottenham Court Road and The Strand. Numerous underground stations are all within walking distance.

Tenure

Freehold.

Location

Miles: 0.1 miles to New Oxford Street, 0.2 miles to Tottenham Court Road, 0.4 miles to Covent Garden, 0.6 miles to The Strand
Roads: A40, A401, A4,
Underground: Tottenham Court Road (Central and Northern Line), Holborn(Central and Piccadilly Line) Covent Garden (Piccadilly Line)
Air: City Airport, Gatwick International Airport and Heathrow International Airport

Situation

Tenure

Freehold.

Description

The property comprises a historic office building arranged over basement, ground and three upper floors. The property is accessed from a separate entrance on Grape Street and is also interlinked with 17 Grape Street and 179 High Holborn which the tenant also occupies.

Note
The purchaser will pay 1% plus VAT of the purchase price towards the Vendor’s sales costs.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Basement Ground First Second Third	Storage Reception/Office Office Office Office	62.90 sq m 75.10 sq m 74.30 sq m 68.30 sq m 68.30 sq m	(677 sq ft) (808 sq ft) (800 sq ft) (735 sq ft) (735 sq ft)	THE REPUBLIC OF CUBA (1)	15 years from 25/12/2008 until 2023 on a repairing and insuring lease (1)	£81,500	29/09/2013 and five yearly
	Totals	348.9 sq m (2)	(3,755 sq ft) (2)			£81,500

(1) There is a tenant only option to determine on the 25th December 2013 and the 25th December 2018, on providing no less than 6 months’ prior written notice.
(2) Please note that these areas have been provided by the vendor. The Auctioneers are unable to verify these areas due to the restricted access to the building.