Auction House London

Lot 19

Mixed Use - Commercial Property 

1, 5 & 9 The Quadrant

Queens Park, London, W10 4AL

Sold after auction for an undisclosed amount

A Well Located Parcel of Three Adjoining Shops. Offered with Vacant Possession. Potential to Redevelop Existing Units and Infill Above Garage Adjacent to No. 1 to Provide Residential Accommodation (subject to obtaining all relevant consents).

Description

The property comprises three adjoining ground floor shop units within a parade arranged over ground and three upper floors.

Tenure

The parcel is offered by way of three separate leasehold titles.

Location

The parade occupies a prominent corner position on Kilburn Lane. Nearby multiples include William Hill, Tesco’s & Nando’s as well as numerous local established traders. Transport links are provided by both Kensal Green underground (Bakerloo line) and Kensal Rise overground stations.

Note (2nd Column)

The site offers a number of options subject to obtaining all relevant consents: Planning permission to convert the entire property into a 100 seater restaurant has in part been implemented thus fully qualifying as an A3 licence. Although there is an alcohol licence to sell within the property similar to an off licence, any new operator would have to attain a new one as standard. Due to the location it is considerable to expect that many local traders, as well as franchise operators would be interested in renting the premises.

Viewing Details

Monday 24th October 12:00 - 12:30
Wednesday 26th October 12:00 - 12:30
Monday 31st October 12:00 - 12:30
Wednesday 2nd November 12:00-12:30
Friday 4th November 15:00-15:30

Addendum

Sold after auction

Accommodation Schedule Schedule

Property Tenure Floor Accommodation
1 The Quadrant Held on a 80 year lease from 25.12.48 (thus approximately 12 years unexpired) Ground & Basement Shop Area (Formerly a Cafe with A3 Use), Basement Storage, Separate Garage/Storage to the Side of the Property (1B The Quadrant)
5 The Quadrant Held on a 125 year lease from 31.12.1993 (thus approximately 102 years unexpired) Ground Shop Area, Rear Yard
9 The Quadrant Held on a 125 year lease from 31.12.1993 (thus approximately 102 years unexpired) Ground Shop Area, Rear Yard

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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*Withdrawn Prior to Auction.

Enquire about 1, 5 & 9 The Quadrant, Kilburn Lane, Queens Park, London, W10 4AL

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