Public House let to JD Wetherspoon PLC until 2041 (subject to option)
Affluent south-west London suburb
Busy position some 100 metres from Raynes Park Railway Station (21 mins direct to London Waterloo)
2016 rent review to be settled
Neighbouring occupiers include Boots the Chemist, Starbucks, Greggs and Lloyds Bank
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 49
Auction 13th October 2016
Rent £76,800 per Annum Exclusive
Status Sold
Price £1,420,000
Sector Public House
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
8 miles south-west of Londons West End, 3 miles east of Kingston upon Thames, 5 miles south-east of Richmond
Roads
A3, A24, M25
Rail
Raynes Park Rail Station (21 mins direct to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation
Raynes Park is an affluent south-west London suburb some 1 mile south-west of Wimbledon Town Centre and Wimbledon Common. The property is prominently situated on the north side of the busy Coombe Lane at its junction with Raynes Park Bridge and some 100 metres east of Raynes Park Railway Station (21 mins direct to London Waterloo). Neighbouring occupiers include Boots the Chemist, Starbucks, Greggs and Lloyds Bank. Waitrose, Sainsburys and Costa are also close by.
Tenure
Freehold.
Location
Miles
8 miles south-west of Londons West End, 3 miles east of Kingston upon Thames, 5 miles south-east of Richmond
Roads
A3, A24, M25
Rail
Raynes Park Rail Station (21 mins direct to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation
Raynes Park is an affluent south-west London suburb some 1 mile south-west of Wimbledon Town Centre and Wimbledon Common. The property is prominently situated on the north side of the busy Coombe Lane at its junction with Raynes Park Bridge and some 100 metres east of Raynes Park Railway Station (21 mins direct to London Waterloo). Neighbouring occupiers include Boots the Chemist, Starbucks, Greggs and Lloyds Bank. Waitrose, Sainsburys and Costa are also close by.
Tenure
Freehold.
Description
The property comprises a triple frontage ground floor public house with basement and part first floor ancillary accommodation and 12 residential flats on part first, second and third floors.
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 triple frontage ground floor public house with basement and part first floor ancillary accommodation and 12 residential flats on part first, second and third floors.
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
Tenant
Term
Rent p.a.x
Reviews
Ground, Part First and Basement
Public House/Ancillary
780 sq m
(8,400 sq ft) (4)
JD WETHERSPOON PLC (1)
35 years from 27/03/2006 until 2041 on an effective full repairing and insuring lease (2)
£75,000
27/03/2016 and 5 yearly thereafter.
Part First, Second & Third
Residential
12 residential flats
INDIVIDUALS
125 years from 25/03/2006
£1,800 (3)
25/03/2035 and every 25 years thereafter
Total Commercial Area
780 sq m
(8,400 sq ft) (4)
£76,800
(1) For the year ending 26/07/2015, JD Wetherspoon PLC reported a turnover of £1,513,923,000, pre-tax profits of £58,732,000 and a total net worth of £192,896,000. (Source: www.riskdisk.com 12/09/2016). (2) The lease provides for a tenant option to determine the lease on 26/03/2021. (3) The leases provide for the rent to double every 25 years. (4) The net internal area above is stated in the rent review clause of the lease.
