Well Located Freehold Retail and Residential Ground Rent Investment
Shop let to Bakery trading as Little Sourdough Kitchen
Lease expires May 2027
Includes two flats above let on long leases
VAT free investment
Situated within an established local parade in an affluent South-West London suburb
Nearby retailers include Tesco Express, Co-operative Convenience Store as well as a number of independent cafés, restaurants & boutiques
Lot 1
Auction 30th March 2023
Rent £21,300 per Annum Exclusive
Status Sold
Price £362,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
0.8 miles from Parsons Green, 1 mile from King's Road, 2.2 miles south-west of Hyde Park
Roads
A4, A304, A308, A3218, A3219, M4
Rail
Parsons Green (District Line), Fulham Broadway (District Line), Hammersmith (Piccadilly, District and Hammersmith & City Lines), West Brompton (Overground & District Line)
Air
London Heathrow
Situation
The property is situated in an established parade within a popular and affluent retail and residential location on the western side of Munster Road. The property boasts excellent communication links being 0.8 miles from Parsons Green Station (District Line) and 1 mile from Fulham Broadway Station (District Line). Nearby retailers include Tesco Express, Co-operative Convenience Store as well as a number of independent cafés, restaurants & boutiques
Tenure
Freehold.
Location
Miles
0.8 miles from Parsons Green, 1 mile from King's Road, 2.2 miles south-west of Hyde Park
Roads
A4, A304, A308, A3218, A3219, M4
Rail
Parsons Green (District Line), Fulham Broadway (District Line), Hammersmith (Piccadilly, District and Hammersmith & City Lines), West Brompton (Overground & District Line)
Air
London Heathrow
Situation
The property is situated in an established parade within a popular and affluent retail and residential location on the western side of Munster Road. The property boasts excellent communication links being 0.8 miles from Parsons Green Station (District Line) and 1 mile from Fulham Broadway Station (District Line). Nearby retailers include Tesco Express, Co-operative Convenience Store as well as a number of independent cafés, restaurants & boutiques
Tenure
Freehold.
Description
The property comprises an artisan bakery arranged on the ground floor and basement. The upper floors comprise two separately accessed flats let on long leases.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises an artisan bakery arranged on the ground floor and basement. The upper floors comprise two separately accessed flats let on long leases.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground Basement
Retail/Ancillary Ancillary
46.30 48.80
(498) (525)
MARCO POLO GEMELLI BAKERY & COFFEE LTD (t/a Little Sourdough Kitchen) (2)
10 years from 15/05/2017
£21,000
First/Second
Two Residential Flats
-
-
TWO INDIVIDUALS
Two leases each let for 125 years from 11/01/2005
£300 doubling in 2030 and every 25 years thereafter
Total Commercial Area
95.10
(1,023)
£21,300
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) Little Sourdough Bakery is an artisan bakery that offers a wide variety of fresh bread and pastries (www.facebook.com/people/Little-Sourdough-Kitchen). Please note a rent deposit of £4,750 is held by the landlord.
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.
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