6 Lynette Avenue Clapham London SW4 9HD

6 Lynette Avenue
Clapham
London
SW4 9HD

Freehold Assisted Living Charity Let Investment

Entirely let to a leading UK Charity
Lease expires November 2037
5 yearly RPI linked rent reviews collared at 2% and capped at 4%
Next Rent Review November 2022 - minimum rental uplift to £90,779 pa
Less than 100 yards from Clapham Common and Clapham South Underground Station
Highly desirable residential location with future Change of Use/Redevelopment Potential (subject to lease & consents)
VAT-free London Investment

Lot
13
Auction
16th June 2021
Rent
£82,222 per Annum Exclusive
Status
Sold
Price
£1,545,000
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund Manager

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Freehold Assisted Living Charity Let Investment

Entirely let to a leading UK Charity
Lease expires November 2037
5 yearly RPI linked rent reviews collared at 2% and capped at 4%
Next Rent Review November 2022 - minimum rental uplift to £90,779 pa
Less than 100 yards from Clapham Common and Clapham South Underground Station
Highly desirable residential location with future Change of Use/Redevelopment Potential (subject to lease & consents)
VAT-free London Investment

Lot 13
Auction 16th June 2021
Rent £82,222 per Annum Exclusive
Status Sold
Price £1,545,000
Sector
Residential
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 4 miles south-west of Central London
Roads: A3, A24, A205
Rail: Clapham South (Northern Line)
Air: London Heathrow, London Gatwick

Situation

Clapham is a vibrant and popular south-west London district approximately 4 miles south west of Central London. The property is located on the south side of Lynette Avenue, less than 100 yards from Clapham Common and 0.2 miles from Clapham South Underground Station (Northern Line) in a predominantly residential location.

Tenure

Freehold.

Location

Miles: 4 miles south-west of Central London
Roads: A3, A24, A205
Rail: Clapham South (Northern Line)
Air: London Heathrow, London Gatwick

Situation

Tenure

Freehold.

Description

The property comprises a Victorian terraced house arranged over the lower ground, ground, first and second floors. The property is currently arranged as six bedrooms, two bathrooms, a reception room and kitchen used as assisted housing. The property also benefits from a garden to the rear.

VAT

VAT is not applicable to this lot.

EPC

E. See legal pack at www.acuitus.co.uk

Description

VAT

VAT is not applicable to this lot.

EPC

E. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Lower Ground Ground First Second	Residential (6 bedrooms and 2 bathrooms)	5.90 sq m 73.00 sq m 61.20 sq m 60.70 sq m	(64 sq ft) (786 sq ft) (659 sq ft) (653 sq ft)	SIG INVESTMENTS with a guarantee from SOCIAL INTEREST GROUP (1)	20 years from 10/11/2017 expiring 09/11/2037 on a full repairing and insuring lease	£82,222	RPI linked rent review in November 2022 and 5 yearly thereafter (collared at 2% pa and capped at 4% pa)
Total		200.80 sq m	(2,162 sq ft)			£82,222

(1) For the year ending 31/03/2020, Social Interest Group reported a turnover of £18,094,000, pre-tax profit of £299,000 and total assets of £4,009,000 (NorthRow 19/05/2021). The Social Interest Group (SIG) is a leading UK based charity, providing bespoke person centred social and health care solutions, with about 240 units of accommodation, over 400 qualified staff and over 30 services across London, Bedfordshire and East Sussex (source: socialinterestgroup.org.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.