6 Upper Tachbrook Street, Pimlico, London, SW1V 1SH
- PROPERTY TYPE
Mixed Use
- SIZE
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Description
Guide Price £495,000+
The property will be sold by public auction on 10th December at 12:04am
Legal Documents
For a complete view of the legal documents, please download the legal pack from our website.
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Description
Freehold
Rare Freehold Investment with Reversionary Potential
A Well-Located Freehold Mixed-Use Investment Producing £30,000 Per Annum, with Three Residential Freehold Reversions, Including Two Flats with Approximately 61 Years Unexpired.
The property comprises a freehold mixed-use building with a ground floor shop and basement ancillary accommodation, together with three separately accessed residential flats above, each sold off on a long lease. The commercial premises extend to approximately 127 sq m (1,367 sq ft), comprising a ground floor sales area of approximately 54.63 sq m (588 sq ft) and basement accommodation of approximately 72.37 sq m (779 sq ft), including storage, a kitchen area and WC facilities. The premises are let on a full repairing and insuring lease producing £30,000 per annum.
The sale includes the freehold reversionary interests in all three residential flats. Flat 1 is held on a lease for 189 years from 30 November 1988, with approximately 151 years unexpired. Flats 2 and 3 are each held on leases for 99 years from 30 November 1988, with approximately 61 years unexpired.
The investment combines an income-producing commercial letting with potential future premiums from extensions of the residential leases.
Accommodation
Ground Floor
Class E Commercial Premises approximately 588 sq ft (54.63 sq m).
Basement
Ancillary Accommodation Including Kitchen Area and WCs approximately 779 sq ft (72.37 sq m).
Total Floor Area
Approximately 1,367 sq ft (127 sq m).
Location
The property is situated on Upper Tachbrook Street in Pimlico, close to a range of cafs, restaurants and shops, including Tesco Express, Little Waitrose and Holland & Barrett. The pedestrianised section of Upper Tachbrook Street hosts a daily market offering hot food and fresh produce. Transport links are provided by Victoria rail and underground station and Pimlico underground station, both within walking distance.
Viewing Times
Brochures
Legal DocumentsOnline Bidding6 Upper Tachbrook Street, Pimlico, London, SW1V 1SH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Victoria Station0.2 miles
- Pimlico Station0.4 miles
- St. James's Park Station0.5 miles
Notes
Disclaimer - Property reference 372653. 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 Swift Property Auctions, London. 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 Swift Property Auctions, London on 020 7123 9417.
*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.”