THE MARYLEBONE PORTFOLIO: ALLIED HOUSE, 17 CRAWFORD ST FREEHOLD RESIDENTIAL AND RETAIL INVESTMENT IN THE HEART OF MARYLEBONE VILLAGE On the instructions of Thomas Webb and Timothy Perkin of CBRE Ltd Acting as Joint Fixed Charge Receivers
SUMMARY Located on Crawford Street, Marylebone W1 Arranged over basement, ground and 3 upper floors Reversionary ground floor retail investment Currently producing 12,000 per annum 4 X 1 bedroom apartments Total of 2,889 sq ft (268.4 sqm) GIA Current income - 34,100 per annum Freehold
LOCATION Allied House is located at No 17 Crawford Street which sits in the heart of Marylebone. Crawford Street runs East to West through Marylebone and sits between York Street to the North and Montagu Place/Dorset Street to the South. The surrounding area comprises a mix of high class residential accommodation, offices, boutique cafes and shops and a multitude of in vogue restaurants which are centred around the chic Marylebone Village. There are excellent transport links with Marylebone Station (Bakerloo and National Rail Services) within 350 yards, Baker Street Underground Station (Bakerloo, Jubilee, Metropolitan, Hammersmith & City and Circle Lines) within 550 yards and Marble Arch (Central Line) within 1,000 yards. There are numerous bus links on Gloucester Place and Baker Street connecting to Oxford Street and the West End to the south and Marylebone Road to the north. Marylebone Road (A40) leads directly West out of London to the M25/M4 for connections to Heathrow as well as direct access to the City of London to the East.
MARYLEBONE HIGH STREET OXFORD STREET HYDE PARK MARBLE ARCH BAKER STREET ALLIED HOUSE, 17 CRAWFORD STREET UNIVERSITY OF WESTMINSTER LONDON MARYLEBONE STATION REGENTS PARK
19 to 121 ALLIED HOUSE, 17 CRAWFORD STREET, 18 THORNTON PLACE 8 9 9a 20 10 30 106 Works 11 113 DESCRIPTION 12 40 32 27 23 21 19 The property consists of a traditional Georgian style building with a white rendered frontage arranged over basement, ground and 3 upper floors. The building is divided into 4 apartments and retail (A1) on the ground floor. 42 YORK STREET 37 29 111 104 6 5 4 3 DURWESTON STREET 28 GLOUCESTER PLACE 39 There is a 1 bed apartment in the basement known as 17a Crawford Street, with dedicated private access and a garden to the rear. The remainder of the apartments share access taken from Crawford Street. The communal areas and apartments are in good condition. Each apartment has a fully fitted kitchen and bathrooms, air conditioning and individual combi boilers. 38 34 30 47 6 4 2a 2 5 to 8 1 25 26 27 29 14 99 26.3m 1a 13 10 to 119 The ground floor totals 781 ft² (72.6m²) and is currently let on a licence to K.Soni trading as Allied Group. The floor is sub-divided with office space to the rear and a shop area to the front. The frontage is currently floor to ceiling glass and the shop has its own separate access. 25b CRAWFORD STREET 28 26 24 109 to 111 108 106 22 21 20 26.4m 19 18 112 116 117 97 92 80 90 88 118 106a 11 22 21 0m 25m 50m 75m MONTAGU MEWS 19 Ordnance Survey Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250
INCOME The ground floor is let on a licence to K.Soni trading as Allied Group at a rent of 12,000 per annum expiring on 22nd March 2017. Apartment 2 is currently let on an Assured Shorthold Tenancy expiring 3rd December 2014 at a rent of 22,100 per annum. A schedule of accommodation is as follows: FLOOR GIA PER FLOOR (SQFT) GIA PER FLOOR (SQM) TYPE NSA (SQFT) NSA (SQM) BEDS Tenant Income Per Annum Income Per Month Lower Ground 739 68.7 17a 739 68.7 1 Ground 781 72.6 Retail 668 62.1 K.Soni T/A Allied Group 12,000 1,000 22/03/2017 First 434 40.3 Apartment 1 358 33.3 1 Second 497 46.2 Apartment 2 358 33.3 1 AST 22,100 1,842 3/12/2014 Third 438 40.7 Apartment 3 394 36.6 1 TOTALS 2,889 268.4 2,517 233.8 34,100 2,842 Expiry
FLOORPLANS 17 CRAWFORD STREET W1 APPROX. GROSS INTERNAL AREA * 2889 Ft ² - 268.39 M ² Illustration For Identification Only, Not to Scale All Calculations include Any/All Areas Under 1.5mHead Height. * As Defined by RICS - Code of Measuring Practice 11'3 x 8'3 3.43 x 2.51m N 15' x 9'3 4.57 x 2.82m 30' x 16'6 9.14 x 5.03m 10'9 x 6'3 3.28 x 1.90m Bedroom 11' x 5'3 3.35 x 1.60m 10'3 x 9'6 3.12 x 2.90m 11'9 x 8' 3.58 x 2.44m 1 2 3 15' x 13' 4.57 x 3.96m 12'9 x 10'6 3.89 x 3.20m 16'3 x 13'9 4.95 x 4.19m 16'9 x 12'3 5.11 x 3.73m 16'6 x 14'3 5.03 x 4.34m GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR LOWER GROUND FLOOR LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR B K R www.bkrfloorplans.co.uk T: 0845 257 2023 C BKR 2014
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PROPOSAL PRICE: Price On Application Unconditional offers are sought for Allied House in isolation or as part of the Marylebone Portfolio. Please make your offer clear as to which property or properties it refers. Proposals are to be submitted by email or post at the offices at the offices of Blenheim Bishop for the attention of James Winston or Tim Barton-Knott. All offers should be clearly marked Allied House, 17 Crawford Street, London W1H 1PF. All proposals should include the following: Purchaser, including any relevant background and track record information; Board approvals, details of any outstanding approvals necessary to proceed with the purchase and likely timescales involved; Written confirmation of finance arrangements including details of any further approvals which may be required; Timetable for exchange of contracts and completion; Any other conditions of offer; Details of solicitors; Proof of cash funds. The selection procedure will be based upon the level of offer, payment terms, funding, track record, and level of due-diligence carried out. All offers are to be accompanied with proof of cash funds in order to be seriously considered. There is no obligation on the vendor s behalf to accept the highest offer made.
CONTACT THE MARYLEBONE PORTFOLIO Tim Barton-Knott Partner 020 7290 2812 07793 709636 James Winston Land and Investment 020 7290 2828 07831 509965 Blenheim Bishop 82 Park Street London W1K 6NH 162 Gloucester Place Allied House, 17 Crawford St Ascot House, 119 Crawford St MISREPRESENTATION ACT: Blenheim Bishop for themselves and for the vendors of this property whose agents they are, give notice that The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and their details are given in good faith and are believed to be correct,, but any intending purchasers should not rely on them as statements of representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Unless otherwise stated, all prices, rents, and other charges are quoted exclusive of VAT. Any intending purchasers or tenants must satisfy themselves independently as to the incidence of VAT in respect of any transaction. All plant, machinery, equipment, services and fixtures referred to in these particulars were present at the date of publication. They have not however been tested and therefore we give absolutely no warranty whatsoever in relation to this property or these particulars nor enter into any contract on behalf of the vendors. No responsibility can be accepted for any expenses incurred by the intending purchasers in inspecting the properties which have been sold or withdrawn. The property is being marketed for sale on behalf of Joint Fixed Charge Receivers and no warranties or guarantees in any respect, including VAT, can be given. The Receivers act without personal liability.