197 Wandsworth High Street London SW18 4JE

  • 197 Wandsworth High Street<br>London<br>SW18 4JE

197 Wandsworth High Street
London
SW18 4JE

High Street Educational Centre Investment

  • Popular and affluent South West London suburb
  • Option to extent the lease for a further 3 years at £14,000
  • Tenant has been trading from this property for over 10 years
  • 300 metres from the Southside Wandsworth Shopping Centre with occupiers including Waitrose, Wagamama, Starbucks, Primark, Pret A Manger, H&M, McDonald's and Uniqlo
  • Lot
    22
  • Auction
    11th July 2019
  • Rent
    £12,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £183,000
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
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High Street Educational Centre Investment

  • Popular and affluent South West London suburb
  • Option to extent the lease for a further 3 years at £14,000
  • Tenant has been trading from this property for over 10 years
  • 300 metres from the Southside Wandsworth Shopping Centre with occupiers including Waitrose, Wagamama, Starbucks, Primark, Pret A Manger, H&M, McDonald's and Uniqlo
  • Lot 22
  • Auction 11th July 2019
  • Rent £12,500 per Annum Exclusive
  • Status Sold
  • Price £183,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN

Property Information

Location
Miles
2 miles west of Clapham Common
6 miles south-west of the City of London
Roads
A3, M25
Rail
Wandsworth Town Railway Station
Air
London Heathrow, London Gatwick, London City Airport
Situation

The property is situated in the popular and affluent South West London suburb of Wandsworth. The property is prominently located on the busy High Street (A3) opposite the junction with Putney Bridge Road, 300 metres from the Southside Wandsworth Shopping Centre with occupiers including Waitrose, Wagamama, Starbucks, Primark, Pret A Manger, H&M, McDonald's and Uniqlo.

Tenure

Virtual Freehold. Held for a term of 999 years from 28/09/2014 at a peppercorn rent.

Location
Miles
2 miles west of Clapham Common
6 miles south-west of the City of London
Roads
A3, M25
Rail
Wandsworth Town Railway Station
Air
London Heathrow, London Gatwick, London City Airport
Situation

The property is situated in the popular and affluent South West London suburb of Wandsworth. The property is prominently located on the busy High Street (A3) opposite the junction with Putney Bridge Road, 300 metres from the Southside Wandsworth Shopping Centre with occupiers including Waitrose, Wagamama, Starbucks, Primark, Pret A Manger, H&M, McDonald's and Uniqlo.

Tenure

Virtual Freehold. Held for a term of 999 years from 28/09/2014 at a peppercorn rent.

Description

The property comprises self-contained retail accommodation on the ground floor.

VAT

VAT is applicable to this lot.

Note

No 203 Wandsworth High Street is being offered as Lot 1.

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises self-contained retail accommodation on the ground floor.

VAT

VAT is applicable to this lot.

Note

No 203 Wandsworth High Street is being offered as Lot 1.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground Retail
60.40 sq m
(650 sq ft)
 INDIVIDUAL t/a
Kip McGrath
Education Centre
(1)		 3 years from 22/02/2018
on a full repairing and
insuring lease		 £12,500 21/02/2021 (2)
Totals
60.40 sq m
(650 sq ft)
     £12,500  

(1) Kip McGrath Education Centres was established in Australia in 1976 and currently has over 560 centres globally
(Source: kipmcgrath.co.uk 07/06/2019).
(2) The tenant has an option to extend the lease for a further 3 years from 22/02/2021 at a revised rent of £14,000.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Hamilton Downing Quinn 40, Ruskin House, 41 Museum St, Holborn
London
WC1A 1LT
David Jordan 0207 831 8939davidj@hamd.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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