Two shops with three separately accessed two bed flats on upper parts
Part let to Ryman Limited until December 2027 (no breaks)
Adjoining shop offered vacant (with recent offer to lease) (1)
Three large separately accessed flats above (Two let and one vacant)
Approximately 6,161 sq ft (total)
Close to Upper Richmond Road (South Circular A205) and Putney Train Station
Opposite an entrance to Putney Exchange Shopping Centre
Nearby occupiers include Boots the Chemist, Superdrug, Waitrose, Oliver Bonas, H&M, Pret A Manger, Caffè Nero, Wasabi Sushi and McDonald's
Lot 12
Auction 15th December 2022
Rent £108,778 per Annum Exclusive plus vacant shop (1) and vacant two bed flat above
Status Sold Post
Price
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1.5 miles east of Wandsworth Town, 5 miles south-west of Central London
Roads
A3, A205
Rail
Putney Station, Putney Bridge and East Putney Underground (District Line)
Air
London Heathrow
Situation
Putney is an affluent and attractive suburb of South West London, approximately 1.5 miles east of Wandsworth. The property is prominently located on the east side of Putney High Street, opposite an entrance to Putney Exchange Shopping Centre, and 100 yards north of Putney Train Station. Nearby occupiers include Boots the Chemist, Superdrug, Waitrose, Oliver Bonas, H&M, Pret A Manger, Wasabi Sushi and McDonald's.
Tenure
Freehold.
Location
Miles
1.5 miles east of Wandsworth Town, 5 miles south-west of Central London
Roads
A3, A205
Rail
Putney Station, Putney Bridge and East Putney Underground (District Line)
Air
London Heathrow
Situation
Putney is an affluent and attractive suburb of South West London, approximately 1.5 miles east of Wandsworth. The property is prominently located on the east side of Putney High Street, opposite an entrance to Putney Exchange Shopping Centre, and 100 yards north of Putney Train Station. Nearby occupiers include Boots the Chemist, Superdrug, Waitrose, Oliver Bonas, H&M, Pret A Manger, Wasabi Sushi and McDonald's.
Tenure
Freehold.
Description
The property comprises two shops with three separately accessed flats arranged on the first, second and third floors, accessed from High Street.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
The property comprises two shops with three separately accessed flats arranged on the first, second and third floors, accessed from High Street.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Rent Review
105 Putney High Street
Ground
Retail
130.16
(1,401)
RYMAN LIMITED (t/a Ryman)
10 years from 08/12/2017
£78,500
08/12/2022
107 Putney High Street
Ground Basement
Retail Ancillary
90.02 96.71
(969) (1,041)
VACANT (1)
-
-
105/107 Putney High Street (Flat 1)
First
Residential - 2 bed flat
78.97
(850)
AN INDIVIDUAL
Regulated Tenancy
£10,478
September 2023
105/107 Putney High Street (Flat 2)
Second
Residential - 2 bed flat
78.97
(850)
TWO INDIVIDUALS
AST 1 year from 10/03/2021 at £1,650 pcm
£19,800
105/107 Putney High Street (Flat 3)
Third
Residential - 2 bed flat
97.55
(1,050)
VACANT
-
-
Total Area
572.38
(6,161)
£108,778 plus vacant shop and vacant flat
(1) The landlord is in receipt of a recent offer to lease 107 Putney High Street from Treelogy Limited at a commencing rent of £60,000 pax (subject to a 12 month rent free period) and a 3 month rent deposit. The proposed lease is for a term of 10 years with a rent review and tenant option to determine at year 5. Heads of Terms are being drawn up and will be available in the Legal Pack.
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.
