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
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
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.
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.
