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For Sale by Auction on 23rd May 2024, Virtual Freehold Car Park, 24-26 Lambs Conduit Street, Holborn, WC1N 3LE

2,905 Sq Ft / Industrial

For Sale - £380,000.00

Available - Last updated: 03 May 2024

For Sale by Auction on 23rd May 2024

The property comprises a basement car park totalling approximately 270 sq m (2,905 sq ft), which is accessed via an electric roller shutter door and a ramp to the rear of Richbell Place (marked blue on the site plan) and a separate pedestrian entrance on Richbell Place. The car park can accommodate 10-12 cars and is currently arranged to include two cold storage units as well as additonal ancillary storage. The property could lend itself to alternative uses such as storage or gymnasium, subject to obtaining the necessary consents. Prospective purchasers are advised to make their own enquiries in this regard.

Location

Holborn is an important commercial and residential district lying in the heart of Central London situated between Covent Garden and Bloomsbury and the City and West End. It can be accessed via the A40, one of the main routes connecting the City and West End. The area is well served by public transport with Tube services being found at Holborn, (Piccadilly and Central Lines), Chancery Lane (Central Line) and Russell Square (Piccadilly Line) underground stations as well as numerous bus routes that serve the area.

Lambs Conduit Street runs north from Theobolds Road (A401) with the property being located to the rear of 20-26 Lambs Conduit Street. The car park is accessed off Richbell Place at its junction with Emerald Street in a mixed commercial and residential location and opposite Holborn Police Headquarters.

Accommodation

Basement of 20-26 Lambs Conduit Street:

Car Park - 251.84 sq m (2,710 sq ft)

Ancillary Storage - 18.16 sq m (195 sq ft)

Total - 270.00 sq m (2,905 sq ft)

Terms

Tenure - Leasehold for a term of 999 years from 11/12/2003 at a peppercorn rent.

Guide Price - £380,000

Specification

  • Virtual freehold car park
  • Central London location close to Holborn Underground Station
  • Approximately 270 sq m (2,905 sq ft)
  • Potential parking for 10-12 cars
  • Alternative use potential (subject to consents)
  • Vacant possession
  • On the instructions of James Liddiment and Paul Greenhalgh of Kroll Advisory acting as Joint LPA Receivers

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £380,000.00 NA

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Agency Team

BidX1 Commercial

020 3151 9502

Simon Bailey

BidX1 Commercial

020 3151 9486

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