247-249 Lavender Hill Clapham London SW11 1JW

247-249 Lavender Hill
Clapham
London
SW11 1JW

Freehold Bar/Restaurant Investment

Bar let until 2028 t/a Sugar Cane Bar
Comprises a Ground and Lower Ground Bar & 6 Flats
Fashionable South-West London Location
500m from Clapham Junction Railway Station
Close to Clapham Common and Battersea Park
Nearby occupiers include JD Wetherspoon, Travelodge, Pizza Express, Whole Foods, TK Maxx and KFC

Lot
14
Auction
13th December 2023
Rent
£81,200 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Bar/Restaurant Investment

Bar let until 2028 t/a Sugar Cane Bar
Comprises a Ground and Lower Ground Bar & 6 Flats
Fashionable South-West London Location
500m from Clapham Junction Railway Station
Close to Clapham Common and Battersea Park
Nearby occupiers include JD Wetherspoon, Travelodge, Pizza Express, Whole Foods, TK Maxx and KFC

Lot 14
Auction 13th December 2023
Rent £81,200 per Annum Exclusive
Status Withdrawn Post
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 JD Wetherspoon, Travelodge, Pizza Express, Whole Foods, TK Maxx, 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

Tenure

Freehold.

Description

The property comprises a substantial ground and lower ground floor commercial unit trading as a bar with ancillary accommodation. 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

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 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	(28/09/2028)
First Second Third	4 x Flats	-	(-)	Let on 4 x separate leases to individuals	Each let for a term of 125 years less 5 days from 25/03/1992 (2)	£1,200	-
First Second	2 x Flats	-	(-)	Let on 2 x separate leases to individuals	Each let for a term of 215 years less 5 days from 25/03/1992	Peppercorn	-
Total Approximate Commercial Floor Area		383.63	(4,130)			£81,200

(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 tenant of Flat 1 has served notice on the Seller to extend the lease by 90 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.