245 Lavender Hill Clapham Junction London SW11 1JW

245 Lavender Hill
Clapham Junction
London
SW11 1JW

Freehold Restaurant Investment

Bar Let until 2036 t/a Bar Social (No Breaks)
Tenant has occupied the property since 2007
Comprises a Ground floor Bar and 3 Flats
Fashionable South-West London location
3 Flats with 64 years unexpired
500m from Clapham Junction Railway Station
Close to Clapham Common and Battersea Park
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
Auction Venue
Live Streamed Auction

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Freehold Restaurant Investment

Bar Let until 2036 t/a Bar Social (No Breaks)
Tenant has occupied the property since 2007
Comprises a Ground floor Bar and 3 Flats
Fashionable South-West London location
3 Flats with 64 years unexpired
500m from Clapham Junction Railway Station
Close to Clapham Common and Battersea Park
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

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.