248 / 250 Upper Richmond Road Putney London SW15 6TG

248 / 250 Upper Richmond Road
Putney
London
SW15 6TG

Newly Refurbished Office Investment

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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Newly Refurbished Office Investment

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

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

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.