Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
The property is located in the popular residential and commercial area of Vauxhall Cross, overlooking Vauxhall Pleasure Gardens, close to the River Thames. The property forms part of a local retail parade between Vauxhall and Kennington. Surrounding the property is a mixture of residential and office developments, with nearby occupiers including British Water and Nutmeg. The Oval Cricket Ground is also located within walking distance of the property. Kennington Lane benefits from excellent transport links, with Northern Line, Victoria Line and Overground services located within close proximity, as well as being on major bus routes.
Freehold.
The property is located in the popular residential and commercial area of Vauxhall Cross, overlooking Vauxhall Pleasure Gardens, close to the River Thames. The property forms part of a local retail parade between Vauxhall and Kennington. Surrounding the property is a mixture of residential and office developments, with nearby occupiers including British Water and Nutmeg. The Oval Cricket Ground is also located within walking distance of the property. Kennington Lane benefits from excellent transport links, with Northern Line, Victoria Line and Overground services located within close proximity, as well as being on major bus routes.
Freehold.
The property comprises a ground floor retail unit with a
self-contained three bedroom maisonette on the first and second floors, together with a roof terrace.
VAT is not applicable to this lot.
NB. 322 Kennington Lane is Lot 32, 324 Kennington Lane is Lot 22 and 326 Kennington Lane is Lot 12 in the catalogue.
Available in legal pack.
The property comprises a ground floor retail unit with a
self-contained three bedroom maisonette on the first and second floors, together with a roof terrace.
VAT is not applicable to this lot.
NB. 322 Kennington Lane is Lot 32, 324 Kennington Lane is Lot 22 and 326 Kennington Lane is Lot 12 in the catalogue.
Available in legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 68.50 sq m | (737 sq ft) | VAUXHALL BUSINESS CENTRE LIMITED guaranteed by Business Mail Solutions Limited t/a Mail Boxes Etc (1) |
15 years from 08/12/2017 |
£17,500 | 08/12/2022 and 08/12/2027 (07/12/2032) |
| First and Second | Residential | 102.59 sq m |
(1,104 sq ft) |
INDIVIDUAL | AST from 27/08/2018 |
£28,860 (2) | (26/08/2019) |
| Total |
171.09 sq m |
(1,841 sq ft) |
£46,360 | ||||
(1) Mail Boxes etc has 150 franchised stores in the UK and Ireland and offers postal services, printing, digital copy services, mailbox rental and virtual office package (Source: www.mbe.co.uk/ 11/09/2019).
(2) The rent has been annualised.
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