Let to Saharanight Limited (t/a Gazette) on a 20 year lease until 2026 (no breaks)
Part of Riverside Plaza complex close to River Thames
Rent reviews in 2016 and 2021
Benefits from car parking
Six Week Completion
Lot 1
Auction 27th March 2014
Rent £41,500 per Annum Exclusive
Status Sold
Price £655,000
Sector Restaurant
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On the Instructions of Joint LPA Receivers
Property Information
Location
Miles
4 miles south-west of Central London
Roads
A3, A3205
Rail
Wandsworth Town, Clapham Junction
Air
Heathrow/Gatwick
Situation
The property, which forms part of the Riverside Plaza complex, is situated in a prominent corner location on the northern side of Chatfield Road close to its junction with York Road (A3205) in a predominantly residential area.
Tenure
Virtual Freehold. Held for a term of 999 years from 24th June 1994 until 2993 at a rent of £2 p.a.
Location
Miles
4 miles south-west of Central London
Roads
A3, A3205
Rail
Wandsworth Town, Clapham Junction
Air
Heathrow/Gatwick
Situation
The property, which forms part of the Riverside Plaza complex, is situated in a prominent corner location on the northern side of Chatfield Road close to its junction with York Road (A3205) in a predominantly residential area.
Tenure
Virtual Freehold. Held for a term of 999 years from 24th June 1994 until 2993 at a rent of £2 p.a.
Description
The property comprises a restaurant on ground, lower ground and upper ground floors providing approximately 160 covers and benefits from 5 car parking spaces in a secure underground car park.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 restaurant on ground, lower ground and upper ground floors providing approximately 160 covers and benefits from 5 car parking spaces in a secure underground car park.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
20 years from 25/10/2006 until 24/10/2026 on a full repairing and insuring lease
£41,500
25/10/2011 and 5 yearly thereafter (2)
Totals
300.05 sq m
(3,230 sq ft)
£41,500
(1) Gazette is a French brasserie restaurant which also trades from branches in Balham and Putney. (Source: www.gazettebrasserie.co.uk 18/02/2014) (2)The 2011 rent review is outstanding.
