Nearby occupiers include HSBC, Pizza Express and KFC
Lot 28
Auction 30th March 2023
Rent £81,800 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
3 miles south-west of Central London, 400 metres to Clapham Common, Less than 1 miles 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 miles 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 and lower ground floor bar with ancillary accomodation. The three upper floors comprises two flats 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 and lower ground floor bar with ancillary accomodation. The three upper floors comprises two flats 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.
Reviews (Reversion)
Ground Lower Ground
Bar Bar/Ancillary
139.33 244.30
(1,500) (2,630)
INDIVIDUALS t/a Sugar Cane Bar (1)
25 years from 29/09/2003
£80,000
29/09/2023 (28/09/2028)
First Second Third
6 x Flats
-
(-)
Let on 6 x seperate leases to individuals
Each let for a term of 125 years less 3 days from 25/03/1992
£1,800 (2)
-
Total Approximate Commercial Floor Area
383.63
(4,130)
£81,800
(1)The Seller is holding a rent deposit equal to 6 months rent. Information on the tenants business can be found at www.thesugarcane.co.uk (2) The flats are each let for a term of 125 years less 5 days from 25/03/1992 each a a current rent reserved of £300 PAX rising by £150 PAX every 25 years
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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