LOT 12

305 North End Road, West Kensington, W14 9NS

FREEHOLD INVESTMENT - SHOP, NIGHTCLUB & 3 FLATS

Result: Refer to auctioneer Guide price: £1,150,000 - £1,200,000*

Auction Date

Wednesday, 16th September 2020 12:00pm

Comprising a ground floor shop, part ground/basement nightclub and separate rear access (via Telephone Place) to 3 self-contained flats above. Located near to the junction with Lillie Road within this popular mixed commercial/residential area, about ¼ mile from West Brompton station (District lIne, Overground and mainline) and ½ mile from Fulham Broadway. Earls Court (where a significant regeneration project is proposed) is within close proximity.

Accommodation

Ground Floor Shop:
545 sq ft (50.6 sq m), rear yard with ext. toilet
Let on a repairing and insuring lease to Saffiullha Aubi (trading as a carpet shop) for 20 years from 12.02.2013 at £13,000 p.a. Rent reviews 2021 & 4 yearly. Tenant in occupation for 25 years.

Part Ground & Basement Nightclub:
Ground: 125 sq ft (11.6 sq m)
Basement: 667 sq ft (62 sq m) plus customer toilets
Let on a repairing and insuring lease to Edward Barnham (trading as a Ted's Place) for 15 years from 15.10.2013 at £13,000 p.a. Rent reviews & tenant's break 2023. Tenant in occupation for 30 years.

14 A, B & C Telephone Place:
Each 1 bedroom, reception room, kitchen, shower/toilet

14a & 14b Telephone Place: Each let on a lease to the London Borough of Hammersmith & Fulham for 3 years and 1 day from 23.07.2018 and 11.12.2018 respectively at £12,800.55 p.a. Tenant's break on 28 days notice.
14c Telephone Place: Let to an individual on an AST for 12 months from 30.09.2020 at £17,420 p.a. This is a renewal of a current 12 month AST.

EQUIVALENT TO £69,021.10

EPC Rating

Shop & 3 Flats: D Basement: TBC

Virtual Viewing Video Link

https://vimeo.com/456592986

Legal Pack Summary Link

https://www.aucspace.com/lots/2733-12-305-north-end-road-west-kensington

Status

Refer to auctioneer

* 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 #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.