Let to PB International Travel Limited t/a Powder Byrne
In occupation since 1999
VAT free investment
Busy and highly affluent South West London suburb
Approximately 150 metres from Putney Station
Neighbouring occupiers include PureGym, Sainsbury’s, Nando’s, Savills, Revolution, Caffè Nero and Halifax
Lot 17
Auction 14th February 2019
Rent £95,000 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles south-west of Central London,Roads: Upper Richmond Road (A205 South Circular Road)
Rail
Putney Station (South Western Railway)
East Putney Underground (District Line)
Air
London Heathrow, City and Gatwick Airports
Situation
Putney is a highly affluent South West London suburb some 5 miles south-west of London’s West End. The property occupies a prominent position on the northern side of Upper Richmond Road (A205 South Circular Road), approximately 150 metres from Putney Station and some 650 metres from East Putney Underground Station (District Line). Nearby occupiers include PureGym, Sainsbury’s, Nando’s, Savills, Revolution, Caffè Nero and Halifax, amongst others.
Tenure
Virtual Freehold. Virtual Freehold – held for a term of 999 years from completion of the sale. The Freehold interest may be available by separate negotiation.
Location
Miles
5 miles south-west of Central London,Roads: Upper Richmond Road (A205 South Circular Road)
Rail
Putney Station (South Western Railway)
East Putney Underground (District Line)
Air
London Heathrow, City and Gatwick Airports
Situation
Putney is a highly affluent South West London suburb some 5 miles south-west of London’s West End. The property occupies a prominent position on the northern side of Upper Richmond Road (A205 South Circular Road), approximately 150 metres from Putney Station and some 650 metres from East Putney Underground Station (District Line). Nearby occupiers include PureGym, Sainsbury’s, Nando’s, Savills, Revolution, Caffè Nero and Halifax, amongst others.
Tenure
Virtual Freehold. Virtual Freehold – held for a term of 999 years from completion of the sale. The Freehold interest may be available by separate negotiation.
Description
The property comprises highly specified, airconditioned, self-contained office accommodation on the ground and lower ground floors. The property forms part of a larger building with 6 residential flats on the upper floors.
VAT
VAT is not applicable to this lot.
EPC
Band C
Description
The property comprises highly specified, airconditioned, self-contained office accommodation on the ground and lower ground floors. The property forms part of a larger building with 6 residential flats on the upper floors.
VAT
VAT is not applicable to this lot.
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/ (Reversion)
Ground Lower Ground
Office/Ancillary
196.91 sq m 189.56 sq m
(2,120 sq ft) (2,040 sq ft)
PB INTERNATIONAL TRAVEL LIMITED t/a Powder Byrne (1)
10 years from completion of the sale on a full repairing and insuring lease (2)(3)
£95,000
2024 (2029)
Total Commercial Area
386.47 sq m
(4160 sq ft)
£95,000
(1) Powder Byrne has been creating bespoke luxury ski holidays since 1985. For the year ending 30th April 2018, PB International Travel Limited reported a total net worth of £519,491 and is rated by Experian as “Low Risk” (Source: Experian Group 07/01/2019). PB International Travel Limited is licensed and financially regulated by the Civil Aviation Authority (CAA). (2) Part of the lower ground floor of the property is occupied by a related company (see legal pack for details). (3)The lease provides for a tenant option to determine the lease on the 6th anniversary of the term.
