Nearby occupiers include HSBC, Pizza Express and KFC
Lot 26
Auction 15th December 2022
Rent £42,300 per Annum Exclusive (1) (2)
Status Sold Post
Price
Sector Restaurant
Auction Venue Live Streamed Auction
Property Information
Location
Miles
3 miles south-west of Central London, 400 metres to Clapham Common, Less than 1 mile south of Battersea Park, 750 metres east of Clapham Junction Station
Roads
A3, A3220, A3205
Rail
450m From Clapham Junction Railway Station
Air
London City Airport, London Heathrow Airport, London Gatwick Airport
Situation
Clapham is a popular and fashionable South West London suburb. The property is prominently located on the south side of the busy Lavender Hill (A3036), in the heart of Clapham. The Property benefits from being approximately 500m from Clapham Junction Railway Station. Nearby occupiers include HSBC, Pizza Express, KFC and an eclectic mix of independent bars, restaurants and shops.
Tenure
Freehold.
Location
Miles
3 miles south-west of Central London, 400 metres to Clapham Common, Less than 1 mile south of Battersea Park, 750 metres east of Clapham Junction Station
Roads
A3, A3220, A3205
Rail
450m From Clapham Junction Railway Station
Air
London City Airport, London Heathrow Airport, London Gatwick Airport
Situation
Clapham is a popular and fashionable South West London suburb. The property is prominently located on the south side of the busy Lavender Hill (A3036), in the heart of Clapham. The Property benefits from being approximately 500m from Clapham Junction Railway Station. Nearby occupiers include HSBC, Pizza Express, KFC and an eclectic mix of independent bars, restaurants and shops.
Tenure
Freehold.
Description
The property comprises a ground floor bar with ancillary basement accommodation. The three upper floors comprise one flat each which have been sold off on long leases.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor bar with ancillary basement accommodation. The three upper floors comprise one flat each which have been sold off on long leases.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground Mezzanine Basement
Bar Bar Ancillary
61.84 12.00 65.75
(665) (129) (707)
INDIVIDUAL t/a Bar Social
15 Years from 4th April 2021 until 04/04/2036
£42,000 (1)
04/04/2026 04/04/2031 (1)
First Second Third
3 x Flats
-
(-)
INDIVIDUALS
Each let for 99 years from 25/03/1987
£300 (2)
25/03/2053 (2)
Total Approximate Commercial Floor Area
139.59
(1,501)
£42,300
(1) The lease provides for fixed rental increases to £44,000 per annum exclusive on 04/04/2026 and £46,000 p.a.x. on 04/04/2031. (2) Each flat has been let on a long lease at a current ground rent reserved of £100 per annum exclusive. (3) The Seller is holding a rent deposit of £19,250.
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.
-128x72.jpg)
-128x72.jpg)
-128x72.gif)
.jpg){kind=link}
.jpg){kind=link}
.gif){kind=link}
