Lot 16 details
RESIDENTIAL / COMMERCIAL DEVELOPMENT OPPORTUNITY
in same ownership since 1954
ON BEHALF OF TRUSTEES
Located on this busy main thoroughfare, close to the junction with Fitzroy Street and opposite the recently developed mixed use campus of Regents Place and nearby such multiples as Sainsburys, NatWest, Eat, Wasabi, Starbucks, Pret A Manger and Coral.
Regent's Park, Tottenham Court Road and UCL Hospital are all within close proximity.
The Euston Road forms part of London's Inner Ring Road (A501) providing excellent road links via A40/M40 to the west and City Road to the east. The area is also well served by public transport being very close to Warren Street Station (Northern and Victoria Lines) and Great Portland Street Station (Circle, Hammersmith & City and Metropolitan Lines), whilst Euston and King's Cross / St. Pancras Mainline Stations are less than 2 miles away.
A mid terrace building comprising a Ground Floor Restaurant with a Basement together with internal access to a 4 Room Flat on the first and second floors.
Ground Floor Restaurant
Gross Frontage 18'0”
Internal Width 12'10”
widening at rear to 16'4”
Resturant & Built Depth 41'3”
Area Approx. 536 sq ft
Area Approx. 626 sq ft
First & Second Floor Flat
4 Rooms, Kitchen, Shower/WC
Area Approx. 1,095 sq ft
Total Area Approx. 2,257 sq ft
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Rasa Limited (having 5 London branches) for a term of 1 year from 2nd June 2016 (see Note 1) at a current rent of £50,200 per annum exclusive.
Note 1: The tenant has operated their break clause to terminate the lease on 1st December 2016.
Note 2: The lease is excluded from the security of tenure and renewal provisions s. 24 to 28 of the L & T Act 1954.
Note 3: There may be potential to redevelop the property to include the creation of additional floors, subject of obtaining the necessary consents.