Property photos
Auction
From
£550,000
Property for sale
Harrington Road, London SW7Local area information
Property location
Nearby amenities
- Westminster Tutors 0.1 miles
- Lycee Francais Charles de Gaulle 0.1 miles
- South Kensington 0.1 miles
- Gloucester Road 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Brompton, South Kensington and Kensington to find out more about the local area.
Features and description
- To be offered on Tuesday 24 September
- Prime Retail Investment Opportunity
- Let to Carter Jonas Estate Agents
- Lease Expires 16/09/2027
- Producing £32,400 per annum
- Reversionary - erv Approx. £50,000 per annum
- 876 sq ft (81.38 sq m)
- Prime Corner Pitch
- Erv Reflects 9% Gross Yield on Guide Price
- No VAT
Strapline
Auction Sale - 24/09/2024
Prime Retail Investment Opportunity Situated on a Prominent Corner Pitch on Bute Street
Let to Carter Jonas on a 15 Year Lease Expiring 16/09/2027 and paying £32,400 per annum
Reversionary Investment with a Estimated Rental Value of £50,000 per annum
Description
The property comprises a prime retail investment let to Carter Jonas and occupying a prominent corner pitch fronting one of London's most popular retail streets.
Arranged across basement, ground and three upper floors, the property is let to Carter Jonas Estate Agents on a lease expiring 16/09/2027 and paying £32,400 per annum.
The upper parts comprise three flats, all of which are sold off on a long leasehold basis. There may be potential for additional income via re-grear premiums, with the lease for Flat 1 having approximately 54 years unexpired, please see the legal pack for information.
We consider the property to be reversionary, with comparable evidence showing the Estimated Rental Value (erv) of the property to be £50,000 per annum.
The property occupies a prime pitch at the corner of Harrington Road and Bute Street, one of Londons prime retailing streets, famous for weekly markets and comprising a number of local and national retailers.
Viewings are strictly by appointment, please contact the auctioneer or click the "Book a Viewing" button for more information.
Tenancy
The ground floor and basement is let to Carter Jonas Estate Agents on a lease expiring 16/09/2027 and paying £32,400 per annum.
The upper parts are sold off on a long leasehold basis.
Accommodation
Auction Sale - 24/09/2024
Prime Retail Investment Opportunity Situated on a Prominent Corner Pitch on Bute Street
Let to Carter Jonas on a 15 Year Lease Expiring 16/09/2027 and paying £32,400 per annum
Reversionary Investment with a Estimated Rental Value of £50,000 per annum
Description
The property comprises a prime retail investment let to Carter Jonas and occupying a prominent corner pitch fronting one of London's most popular retail streets.
Arranged across basement, ground and three upper floors, the property is let to Carter Jonas Estate Agents on a lease expiring 16/09/2027 and paying £32,400 per annum.
The upper parts comprise three flats, all of which are sold off on a long leasehold basis. There may be potential for additional income via re-grear premiums, with the lease for Flat 1 having approximately 54 years unexpired, please see the legal pack for information.
We consider the property to be reversionary, with comparable evidence showing the Estimated Rental Value (erv) of the property to be £50,000 per annum.
The property occupies a prime pitch at the corner of Harrington Road and Bute Street, one of Londons prime retailing streets, famous for weekly markets and comprising a number of local and national retailers.
Viewings are strictly by appointment, please contact the auctioneer or click the "Book a Viewing" button for more information.
Tenancy
The ground floor and basement is let to Carter Jonas Estate Agents on a lease expiring 16/09/2027 and paying £32,400 per annum.
The upper parts are sold off on a long leasehold basis.
Accommodation
- Ground Floor - 394 sq ft (36.60 sq m)
- Basement - 482 sq ft (44.78 sq m)
More information
Listed by
Savills - National Auctions
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