Barrecore Limited lease for 10 years from 24th May 2017 (subject to option)
Prime location fronting Old York Road and opposite Wandsworth Town Railway Station
Nearby occupiers include Costa, Sainsbury’s Local and Pizza Express
Affluent location in popular South West London suburb
Lot 3
Auction 14th February 2019
Rent £45,100 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Fund Manager
Property Information
Location
Miles
1 mile west of Battersea, 1.5 miles west of Clapham Common
Roads
A3, A214
Rail
Wandsworth Town Railway Station (17 minutes to London Waterloo)
Air
London Heathrow Airport, London City Airport
Situation
The property is located in a prime location directly opposite Wandsworth Town Railway Station which provides direct rail links to London Waterloo. The property fronts Old York Road, north of the junction with Ferrier Street and Lovetts Place, which connects to the A3 to the south. Nearby occupiers include Costa, Sainsbury’s Local and Pizza Express, with a number of independent bars, restaurants and retailers also close by.
Tenure
Freehold.
Location
Miles
1 mile west of Battersea, 1.5 miles west of Clapham Common
Roads
A3, A214
Rail
Wandsworth Town Railway Station (17 minutes to London Waterloo)
Air
London Heathrow Airport, London City Airport
Situation
The property is located in a prime location directly opposite Wandsworth Town Railway Station which provides direct rail links to London Waterloo. The property fronts Old York Road, north of the junction with Ferrier Street and Lovetts Place, which connects to the A3 to the south. Nearby occupiers include Costa, Sainsbury’s Local and Pizza Express, with a number of independent bars, restaurants and retailers also close by.
Tenure
Freehold.
Description
The property comprises a recently fitted out ground floor dance studio, with separately accessed residential accommodation above which has been let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D. Please see legal pack at acuitus.co.uk.
Description
The property comprises a recently fitted out ground floor dance studio, with separately accessed residential accommodation above which has been let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D. Please see legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Retail/Leisure (Dance Studio)/ Ancillary
158 sq m
(1,701 sq ft)
BARRECORE LIMITED (1)
10 years from 24/05/2017 until 23/05/2027 (2)
£45,000 (3)
24/05/2022
First/Second
Residential
–
(–)
TWO INDIVIDUALS
999 years from 01/02/2001 until 31/01/3000
£100
-
Total Commercial Area
158 sq m
(1,701 sq ft)
£45,100
(1) Barrecore was founded in London in 2011 and has since grown to employ over 100 staff across 12 studios in locations including Chelsea, Mayfair, Notting Hill, Kensington and Hampstead (Source: www.barrecore.co.uk 16/01/2019). (2) The lease provides for a tenant option to determine on 24th May 2022 upon 6 months’ written notice. (3) A rent deposit of £13,500 including an amount equivalent to VAT is held by the Vendor.
Contacts
Seller's Solicitors
Fladgate LLP 16 Great Queen Street London WC2B 5DG
