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For Sale By Auction | 12 noon, 22 July 2015 | Lot 5

270-274 Old Brompton Road, Earls Court, London, SW5 9HR

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  • Commercial Property
  • Tenure: Leasehold. There are approximately 999 years unexpired on the lease subject to a peppercorn rent.

Call the team on 020 7625 9007 for more information

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Auction Date

Wed 22/07/2015

Auction Time

12 noon

Auction Venue

The Ballroom, Landmark Hotel, 222 Marylebone Road, Marylebone, London, NW1 6JQ

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Two Double Fronted Commercial Units Offered with Vacant Possession.

The property comprises two commercial units situated within a mid terrace mixed use building arranged over ground and five upper floors.

Tenure

Leasehold. There are approximately 999 years unexpired on the lease subject to a peppercorn rent.

Location

The property is situated in the South West London area of Earls Court. Numerous multiples occupy space within the immediate area including Starbucks, Londis and established local traders. Transport links are provided by Earls Court underground station (Circle, District, Piccadilly, Hammersmith & City lines).

We understand that the estimated rental value for the two units equates to £52,560 and £30,600 respectively per annum. All information has been supplied by the vendor. The business (including the benefit of premises licence, lottery, pay point, TFL passes etc plus the fixtures and fittings can be made available at a reasonable consideration if required plus Stock at Valuation).

Viewing Details

Tuesday 7th July 17:00-17:30 Thursday 9th July 17:00-17:30 Tuesday 14th July 17:00-17:30 Thursday 16th July 17:00-17:30 Tuesday 21st July 17:00-17:30

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.