LOT 27 - London

16 Crawford Street, Marylebone, London, W1H 1BS

Freehold Shop Investment with Vacant Self Contained Maisonette having an Outside Terrace

Sale Price

£1,765,000

Key Features
  • Affluent Central London Location
  • Self contained Vacant Maisonette for refurbishment or redevelopment (1)
  • Shop trading as Cube Gallery
  • First time on the market in over 50 years
  • VAT is not applicable
  • Six Week Completion Available

Total Current Rent Reserved
£30,000 p.a. (3)
Tenure

Freehold


Location
  • Marylebone is a fashionable and densely populated area of Central London
  • Regents Park is to the north, Mayfair to the south and Paddington to the west
  • The property is close to Marylebone Road A501/A40 and Edgware Road A5
  • In close proximity to Baker Street and Edgware Road Underground stations and Marylebone Mainline station
  • The property is situated in the Portman Estate Conservation Area on the north side of Crawford Street close to the junction with Gloucester Place and west of Baker Street
  • The area is a mix of shop, office, and residential occupiers
Additional Information
  • The video tour provided in the online Particulars of Sale is intended to assist buyers by giving a general impression of the layout of the property. It is not intended to specifically include or omit any particular part of the property and is not to be relied upon as a formal record of condition of the property. For the avoidance of doubt, neither the Seller nor the Auctioneers will have any liability in the event that there is a defect existing at the Property which would be visible on a physical inspection but is not shown on the video tour.
  • No 18 Crawford Street is also being offered in this Auction
Accommodation
  • The property is arranged on basement ground and 3 upper floors. The ground floor comprises a shop with ancillary basement accommodation, trading as Cube Gallery . The 3 upper floors provide a self contained maisonette with access from the front which has the benefit of a roof terrace accessed from the kitchen at first floor level.
Planning
(1)The maisonette is in need of refurbishment and  may be suitable for conversion to flats subject to obtaining all the necessary consents. 
All enquiries should be made with the local authority:
Website: www.westminster.gov.uk/planning
Contact Number: 020 7641 6500
The floor plans in the particulars of sale show the existing  and a proposed layout to renovate the property keeping it as a maisonette. 
Virtual Tour
Click here to view
VAT

VAT is not applicable to this lot.

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
Contacts
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Pre-registration approval to bid Allsop now require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made). Guide Prices 1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price. 2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure. 3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction. 4. All guide prices are quoted "subject to contract". 5. Please note the guide price for the Lot does not include: - any Buyers' Fee charged by the auctioneers; - VAT on the sale price; - SDLT or any other Government taxes; - additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers. 6. If a guide price is listed as "TBA", it means no guide price has been set at present. Please do not call our office about this - the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction. Reserve Prices 7. The reserve price is the minimum price at which the Lot can be sold. 8. Whilst every effort is made to ensure that the advertised guide prices are up-to-date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction. Buyers' fees, Seller's fees and additional charges 9. For each Lot, a Buyers' Fee is payable on the fall of the hammer to Allsop LLP as follows: Residential Auctions - Lots sold for £10,000 or more: Buyers' Fee of £1,250 inclusive of VAT - Lots sold for less than £10,000: Buyers' Fee of £250 inclusive of VAT Commercial Auctions - All Lots: Buyers Fee £1,000 inclusive of VAT 10. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts. 11. VAT may be chargeable in addition to the sale price for the Lot. The Lot Particulars and/or the Special Conditions of Sale will indicate whether VAT applies. Other Matters 12. Please note that Lots may be sold or withdrawn at any time prior to auction. 13. Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer's Fee may each be varied from the standard amounts quoted. Please refer to the addendum, the Particulars and/or the conditions of sale. 14. Street trader plans are reproduced with the consent of Experian Goad Limited. Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty's Stationery Office. © Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020 15. The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing. The Auctioneers do not warrant or represent that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.