7 Bell Yard, London, WC2A 2JR

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £1,600,000

  • Freehold office building
  • City centre location in the heart of London's legal district
  • Redevelopment potential (subject to planning)
  • Producing £15,500 per annum (part vacant)
  • About 2,129 sq ft ( 197.75 sq m)

Addendum

Completion 30 business days

Viewings

4.00pm - Wednesday 6th December 2017.

Details

Location

Summary: Prime freehold office building in heart of London's legal district, adjacent to the Royal Courts of Justice
Miles: Covenant Garden 1 mile, Trafalgar Square 1 mile
Roads: The Strand, Fleet Street
Rail: Temple (Circle & District), Chancery Lane (Central Line), City Thames Rail, London Blackfriars
Nearby Occupiers: Royal Courts of Justice, Lincoln's Inn

Description

The property comprises office accommodation over basement, ground, first, second, third and fourth floors totalling 2,129 sq ft (197.75 sq m). The property is part vacant and is located in a prime location, directly opposite The Royal Courts. Bell Yard is home to a number of Barristers Chambers and firms of solicitors, being in the heart of London's legal district. The building has potential for change of use to residential, subject to obtaining the necessary consents.

Tenure

Freehold

Planning

There may be potential to convert the property into residential use, subject to obtaining the necessary consents. For further information please contact Westminster City Council (0207 641 6000) www.westminster.gov.uk.

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq F Lease Terms Rent £ pa Rent Review
TOTAL 197.75 2,129 £15,500
7 Bell Yard Vacant Basement Ground First Part Third Fourth Office Office Office Office Office 41.28 31.98 30.73 20.40 30.85 444 344 331 220 332 Vacant £0
7 Bell Yard New Road Dental Ltd (Dental Practise) Second Part Third Dental Surgery Reception 31.29 11.22 337 121 10 years from 01/07/2015 £15,500 Rent review 2020. Tenant break 2020
The areas are GIA and supplied by the vendor.

Contact

Seller's solicitor

BPE Solicitors LLP

Nicky Corner

01242 248212

nicky.corner@bpe.co.uk

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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