31 Harcourt Street, Marylebone, London, W1H 4HU
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Freehold
Description
Location & 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 mile north of Hyde Park, mile from Baker Street and within mile of Edgware Road underground station.
Accommodation
Ground Floor: NIA 389 sq ft (36.1 sq m)
Basement: NIA 499 sq ft (46.4 sq m)
Tenure
Freehold
Tenancy Details
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.
Note
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:
4. Rent deposit held of £13,125.
Auction Surveyor: Robert Woolfe
Contact: robert.
PRODUCING £35,000 P.A.
EPC Rating
E
Viewing Times
Brochures
Legal Documents31 Harcourt Street, Marylebone, London, W1H 4HU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Edgware Road (Circle, District, Hammersmith & City) Station0.2 miles
- Marylebone Station0.2 miles
- Edgware Road (Bakerloo) Station0.2 miles
Notes
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”