A RARE OPPORTUNITY TO PURCHASE A PRIME CENTRAL LONDON MIXED USE FREEHOLD INVESTMENT WITH
The property is situated in the heart of Marylebone and is located on the eastern side of Wimpole Street, close to its junction with Wigmore Street. The property comes within the Harley Street Conservation Area. Wimpole Street is associated with private medical practices and medical associations and benefits from being only a short walk away from Oxford Circus and Bond Street.
This is an impressive Grade II listed mid terraced building on lower ground, ground and four upper floors built we suspect in the mid 1700’s. The external walls are of solid construction and are rendered with some stucco detailing at ground floor level. The roof is of mansard construction and is covered in slates. The ground floor is occupied as medical consulting rooms with the rest of the building comprising six self contained flats.
Lower Ground Floor - Studio - 188 sq ft
Lower Ground Floor - Two Bedroom - 893 sq ft
Lower Ground Floor - Two Bedroom - 1,141 sq ft
First Floor - Two Bedroom - 1,152 sq ft
Second Floor - Two Bedroom - 1,152 sq ft
Third & Fourth Floors - Four Bedroom - 2,250 sq ft
Commercial Accommodation (D1 Use)
Ground Floor - 1,453 sq ft
At present, the six flats are let on Assured Shorthold Tenancies for terms most of which expire in 2016.
The lease for the medical suite on the ground floor expires in March 2016 but is being extended for a period of 12 months
Freehold subject to tenancies
Strictly through appointments with the joint sole agents, Davis Brown and Winkworth on selected viewing days.
INFORMAL TENDER TERMS
Method of Sale
Davis Brown and Winkworth invite best unconditional offers for the freehold interest.
Offers are invited in excess of £12,500,000
The property is NOT elected for VAT.
Davis Brown for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers, or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Davis Brown or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all rentals and prices quoted are exclusive of VAT (if chargeable)
SUBJECT TO CONTRACT