298 Battersea Park Road London SW11 3BT

298 Battersea Park Road
London
SW11 3BT

Freehold Retail and Residential Investment

Retail unit let until 2023 (no remaining breaks) with an important outstanding 2015 rent review Prominent corner position fronting Battersea Park Road (A3205)
Located in a fashionable South West London Suburb
Nearby occupiers include The Co-operative Funeral Directors, Spar Convenience Store and a range of local occupiers
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
32
Auction
23rd March 2016
Rent
£11,600 per Annum Exclusive
Status
Sold
Price
£200,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the Instructions of a Major Fund Manager

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Freehold Retail and Residential Investment

Retail unit let until 2023 (no remaining breaks) with an important outstanding 2015 rent review Prominent corner position fronting Battersea Park Road (A3205)
Located in a fashionable South West London Suburb
Nearby occupiers include The Co-operative Funeral Directors, Spar Convenience Store and a range of local occupiers
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 32
Auction 23rd March 2016
Rent £11,600 per Annum Exclusive
Status Sold
Price £200,000
Sector
Restaurant
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the Instructions of a Major Fund Manager

Property Information

Location

Miles: 5 miles south-west of Central London
Roads: A3, A24, A214, B229
Rail: Queenstown Rail, Battersea Park Rail and Clapham Junction Rail
Air: Heathrow International, City Airport

Situation

Battersea is an affluent South West London suburb some 5 miles south-west of Central London. The property occupies a prominent corner location on the northern side of Battersea Park Road (A3205) at its junction with Inworth Road. Nearby occupiers include The Cooperative Funeral Directors, Spar Convenience Store and a range of local occupiers.

Tenure

Freehold.

Location

Miles: 5 miles south-west of Central London
Roads: A3, A24, A214, B229
Rail: Queenstown Rail, Battersea Park Rail and Clapham Junction Rail
Air: Heathrow International, City Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with two self-contained residential flats on the first and second floors, let on 125 year leases.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with two self-contained residential flats on the first and second floors, let on 125 year leases.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground	Retail	40.40 sq m	(432.86 sq ft)	INDIVIDUAL (t/a Café Blanca)	12 years from 31/08/2011	£11,00	31/08/2015 (1) 31/08/2019 (30/08/2023)
First	Residential	Not Measured		INDIVIDUAL	125 years from 24/06/1987	£50	(23/06/2112) (2)
Second	Residential	Not Measured		INDIVIDUAL	125 years from 24/06/1987	£50	(23/06/2112) (2)
Ad Hoarding		–		INDIVIDUAL	Approx 13 months from 16/11/2009	£500	(31/12/2010) (3)
Totals		40.40 sq m	(432.86 sq ft)			£11,600

(1) The 31st August 2015 rent review is outstanding.
(2) The relevant notices under the Landlord and Tenant Act 1989 have been served.
(3) The tenant is holding over.