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Property for sale

5 Grosvenor Square, 15 and 16 Three King s Yard, Mayfair, London W1K

Guide Price* £30,000

Property Description

Key features

  • For sale by auction
  • Ground Rent

Full description

Tenure: Leasehold

Lot 2 - This lot is for sale by auction as lot 2 on 15th December 2016.

A Head Leasehold Part Reversionary Well Located Ground Rent Investment secured upon Twelve Self-Contained Flats


BY ORDER OF THE TRUSTEES OF THE PHILIP JACK KING WILL TRUST


Tenure
Head Leasehold. The property is held on a lease for a term of 95 years from 24th June 1960 (thus having approximately 39 years unexpired) at a current ground rent of £1,475 per annum.

Location
The property is situated on the east side of Grosvenor Street, to the south of its junction with Brook Street. The local amenities of Mayfair are readily accessible, with the further extensive facilities of Oxford Street being within easy reach to the north. Hyde Park is within close proximity to the west. Bond Street Underground Station (Central Line) is within walking distance to the north. The A5 is close by and provides easy access to the M25 Orbital Motorway.

Description
The property comprises a head leasehold ground rent investment secured upon twelve self-contained flats. The lease for some of the flats includes parking spaces and/or staff suites/maids quarters.

Accommodation
A schedule of Accommodation and Tenancies is set out opposite. NB. The lessees HAVE elected to take up their rights of pre-emption under the terms of the Landlord & Tenant Act 1987.

Seller's Solicitor
Messrs Rodgers & Burton (Ref SM). Tel 020 8939 6307.Email sanna@randb.co.uk

Total Current Gross Rent Reserved


£1,875 per annum


Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

Listing History

Added on Rightmove:
26 November 2016

Nearest stations

  • Bond Street (0.1 mi)
  • Marble Arch (0.4 mi)
  • Oxford Circus (0.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Allsop , Auction

33 Wigmore Street , London, W1U 1BZ

020 8012 1518 Local call rate

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Map & Street View

Nearest stations

  • Bond Street (0.1 mi)
  • Marble Arch (0.4 mi)
  • Oxford Circus (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Allsop , Auction

33 Wigmore Street , London, W1U 1BZ

020 8012 1518 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 970000317. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Allsop , Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*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.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.


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