London, W1 – A prime residential building located within the heart of Mayfair

Description

• A rare opportunity to purchase a prime residential opportunity located in the heart of Mayfair
• Leasehold – Approx. 31 years unexpired
• Comprising five self-contained flats
  • 1 studio
  • 3 x two bedrooms
  • 1 x three bedroom
• Net Saleable Area of Flats: 581.6 sqm (6,260 sqft)
• Opportunity to extend the existing leasehold interest either by private agreement with the Freeholder or if qualifying by serving a Section 42 Notice
• The entire building is occupied and the occupier claims to have let subject to a three year lease at an initial passing rent of £99,000 per annum (payable in arrears) – Lender to overreach this lease at completion
• Potential to complete the current programme of works or to undertake further redevelopment / reconfiguration works, subject to obtaining all necessary consents
• Central Mayfair location adjacent to the Royal Embassy of Saudi Arabia

To be offered by Auction on Thursday 28th March 2019 (unless sold prior) on the instruction of V Liddell MRICS & A Kisby MRICS of Allsop LLP as Joint Fixed Charge Receivers

Subject to contract