31 Harcourt Street, Marylebone, London, W1H 4HU
- 16Days
- 4Hours
- 26Mins
- 14Secs
Property Description
A Grade II Listed property comprising a ground floor shop and basement (trading as a foot clinic) and 3 flats above (each sold off on long leases). Located within this popular area of Central London, just south of Marylebone Road, off Seymour Place, about ¾ mile north of Hyde Park, ⅓ mile from Baker Street and within ¼ mile of Edgware Road underground station.
Freehold
(Based on VOA website)
Ground Floor: NIA 389 sq ft (36.1 sq m)
Basement: NIA 499 sq ft (46.4 sq m)
Ground Floor & Basement: Let on a repairing and insuring lease to R G Foot Protection and Limb Preservation Ltd for 15 years from 21.12.2023 at £35,000 p.a. Rent Reviews 5 yearly. Mutual break 5 yearly subject to 6 months' notice.
Each time the tenant does not operate the break clause, the tenant will effectively receive a 50% discount on the rent for 9 months.
Provisions of Sections 24-28 of the L&T Act 1954 (security of tenure) are excluded.
3 Flats: Each sold on a 999 year lease at a peppercorn.
PRODUCING £35,000 P.A.
1. Subject to possession and all necessary consents, there may be potential to convert the ground floor and basement to residential.
2. Section 5b Notices served - Tenants have reserved their rights of first refusal.
3. Tenant Profile: www.themarylebonefootclinic.co.uk
4. Rent deposit held of £13,125.
Auction Surveyor: Robert Woolfe
Contact: 07581 029501 robert.woolfe@strettons.co.uk
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #16] Note that in addition to the purchase price there is a buyer’s administration fee [section #11] and there may be additional non-optional fixed or variable fees and costs [section #12]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
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31 Harcourt Street, Marylebone, London, W1H 4HU
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