11 Heath Street Hampstead Greater London NW3 6TP

11 Heath Street
Hampstead
Greater London
NW3 6TP

Freehold Retail Investment with Vacant Upper Floors

Highly affluent and fashionable location
Neighbouring occupiers include Hampstead Bazaar, Boots the Chemist, Foxtons and Hamptons International
Residential redevelopment potential, subject to consents
Six Week Completion Period Available

Lot
2
Auction
14th February 2013
Rent
£23,716 per Annum Exclusive
Status
Sold
Price
£1,040,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
In the same ownership for over 50 years

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment with Vacant Upper Floors

Highly affluent and fashionable location
Neighbouring occupiers include Hampstead Bazaar, Boots the Chemist, Foxtons and Hamptons International
Residential redevelopment potential, subject to consents
Six Week Completion Period Available

Lot 2
Auction 14th February 2013
Rent £23,716 per Annum Exclusive
Status Sold
Price £1,040,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
In the same ownership for over 50 years

Property Information

Location

Miles: 1.8 miles north of Regents Park, 3 miles north of the West End of London
Roads: A502, A406 (North Circular Road), A40, M1
Rail: Hampstead London Underground Station (Northern Line)
Air: London Heathrow, London City

Situation

The property is situated on the west side of Heath Street in the heart of the highly affluent Hampstead Village, some 150 metres south of Hampstead Underground Station (Northern Line) and Hampstead High Street with occupiers including French Connection, Kurt Geiger Shoes, Nicole Farhi, Cafe Rouge and Cote Brassarie. Hampstead Heath is approximately 700 metres to the north.

Tenure

Freehold.

Location

Miles: 1.8 miles north of Regents Park, 3 miles north of the West End of London
Roads: A502, A406 (North Circular Road), A40, M1
Rail: Hampstead London Underground Station (Northern Line)
Air: London Heathrow, London City

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail accommodation with basement ancillary storage. The upper 3 floors were formerly used as a beauty salon and could be suitable for residential redevelopment (subject to consents).

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not 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	Reversion
Ground Basement	Retail Ancillary	31.03 sq m 39.67 sq m	(334 sq ft) (427 sq ft)	JEEVES OF BELGRAVIA LTD (1)	10 years from 06/10/2000 on a full repairing an insuring lease (2)	£23,716	Holding over
First Second Third	Office (B1) Office (B1) Office (B1)	31.40 sq m 27.83 sq m 26.33 sq m	(338 sq ft) (300 sq ft) (283 sq ft)	VACANT POSSESSION	(3)
Total		156.26 sq m	(1,682 sq ft)			£23,716

(1) Jeeves of Belgravia Ltd are a subsidiary company of Johnson Service Group plc and operate from 13 outlets, 12 of which are in Central
London. For the year ending 31st December 2011, Jeeves of Belgravia Ltd reported a turnover of £3,764,000, a pre tax profit of £132,000
and a total net worth of £329,000. (Source www.riskdisk.com 03/01/2013)
(2)The tenant is holding over.
(3)The upper parts are let to Micromode Medical Limited who is currently holding over on a 10 year lease but has served notice to quit the
lease. Therefore the upper parts are being offered with Vacant Possession.