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11 Latimer Road, London, W10 6RQ

Guide Price
£2,600,000
Knight Frank Auctions, Auctions
PROPERTY TYPE

Industrial Development

SIZE

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Key features

  • Freehold Industrial Investment
  • Close to Westfield London, A40 (Westway) & White City (Central Line)
  • Let to City Relay Limited at £80,000 pa until 2028
  • 4,562 sq ft with car parking
  • VAT is not applicable
  • To be offered for sale via Knight Frank Auctions on Thursday 23rd July (unless withdrawn or sold prior)

Description

Interested parties should contact Knight Frank Auctions for further information.

Description
The property is accessed direct from Latimer Road which leads to a central hall with x3 W/C's to the right of the hallway and an open plan studio / office / workshop to the left-hand half of the ground floor. To the rear is a double height reception / break out area and kitchen, with a meeting room off the space. A spiral staircase rises to a half floor mezzanine level with two equally proportioned, glazed fronted, open plan offices, one with an internal private office. x2 W/C, one with a shower, server the upper floor and there is a fire exit to the rear. The exterior ground floor windows and doors are secured by remote control roller shutters and there is a secure hard standing area to the right of the premises. Good order, currently fitted with racking on the ground floor to serve Air B&B operations.
Internal Photographs taken prior to the tenant occupation.

FLOOR AREAS
Ground Floor: 234.30 sqm (2,522 sq ft)
First Floor: 189.52 sqm (2,040 sq ft)
Total: - 423.82 sqm (4,562 sq ft)

TENURE
Freehold

TENANCY
Let to City Relay Limited (1) for a term of years expiring 22/02/2028 at £80,000 per annum on a Full Repairing & Insuring lease, subject to a Schedule of Condition.
Break Option August 2026 NOT exercised.
Sections 24 to 28 of the LTA 1954 are excluded.

(1) Enjoy hassle-free rental income. Whether it's ASTs or Airbnb management, we'll manage everything from maintenance, marketing, cleaning and catering to guests for a 5-star experience. (Source:-

VAT
VAT is not applicable.

EPC RATING (Ground & Basement)
See Legal pack

PLANNING
Plans to develop the site as a 5-storey mixed-use block (Use Class E & C3) are available for inspection in the legal pack and upon request from the Auctioneers.

NB: Planning permission has been granted to develop Unit 10 and permission to develop Unit 9 is in the final stages of the planning process with The Secretary of States Office.

VIEWINGS
Strictly by appointment please contact the Auctioneers

JOINT AUCTIONEER
Justin Knight at Knight Commercial



Location
The premises are situated on the westerly side of Latimer Road in a parade of light industrial units known as Latimer Industrial Estate, adjacent to the junction with Latimer Place. Other local businesses include The Playground Theatre, Gumball 3000, John Goslett & Co. Ltd, MGA Autos, Carpenters Workshop Gallery, The Designers Guild, Shoot Studio, Miss Sohee, City Electrical Factors, Kai Fusion, London Laundry Club, Shelley's Pharmacy, Mick's Fish Bar, Turmeric & Honey Health Food & Cafe and Tesco Express.
Public transport is located a short walk away on Bramley Road, Latimer Tube Station (Hammersmith & City line & buses).
White City is located 0.5 miles south and Shepherds Bush within 1 mile to the south.
2 miles to Hammersmith
3.5 miles to North Circular
14 miles to the M25

The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions website.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Brochures

Legal Documents

Energy Performance Certificates

EPC 1

11 Latimer Road, London, W10 6RQ

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • White City Station0.4 miles
  • Latimer Road Station0.5 miles
  • Wood Lane Station0.6 miles
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About Knight Frank Auctions, Auctions

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The name Knight Frank is synonymous with the sale, purchase and rental of high quality residential property. Knight Frank is the complete agency and professional consultancy - responding to the needs of residential property owners, buyers, tenants and developers in the UK and overseas.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 355394. 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 Knight Frank Auctions, Auctions. 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.

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 Knight Frank Auctions, Auctions on 020 3907 3344.

*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.”