Auction House London

Lot 59

Block of Apartments - Flats / Apartments 

20 Upper Berkeley Street

Mayfair, London, W1H 7PF

Unsold. Contact the auctioneer.

A Well Located Substantial Mid Terrace Grade II Listed Building Internally Arranged to Provide Eleven Self-Contained Flats Part Let Producing £126,572 Per Annum. ERV Once Fully Let £158,292

Description

The property comprises a substantial mid terrace Grade II listed building internally arranged to provide eleven self-contained flats arranged over lower ground, ground and three upper floors.

Tenure

Leasehold. The property is held on a 20 year lease from 1st September 2017 (thus approximately 15.5 years unexpired) from the Portman Estate at a ground rent of £62,496 per annum.

Location

The property is situated in the highly sought after area of Mayfair close to local shops and amenities. The open spaces of Hyde Park are within easy reach. Transport links are provided by Bond Street underground station (Central and Jubilee lines) and Paddington rail station.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
1 Lower Ground Floor Studio Flat 12 month AST commencing 2014 (Holding Over) £7,200
2A Lower Ground Floor Studio Flat 12 month AST commencing 22nd April 2021 £15,000
2B Lower Ground Floor Studio Flat 12 month AST commencing 5th March 2021 £14,400
3 Ground Floor Studio Flat 12 month AST commencing 1988 (Holding Over) £13,800
4 Ground Floor Two Bedroom Flats Regulated Registered Tenancy £9,492
5 First Floor Studio Flat 12 month AST commencing 28th July 2021 £17,760
6 First Floor Studio Flat 12 month AST commencing 12th March 2021 £16,320
7 Second Floor Studio Flat 12 month AST commencing 1st September 2021 £18,200
8 Second Floor Studio Flat 12 month AST commencing 1st September 2021 £14,400
9 Third Floor Studio Flat Vacant Vacant
10 Third Floor Studio Flat Vacant Vacant

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.

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. 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. Contact the auctioneer.

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