Includes three bed maisonette with planning consent for conversion to 2 x two bedroom flats and five new build flats
Affluent South-West London suburb
Neighbouring occupiers includeHalifax Bank, W H Smith, Nationwide Building Society and Waitrose
6 Week Completion Available
Lot 41
Auction 27th May 2010
Rent £88,000 per Annum
Status Withdrawn Post
Price
Sector Bank
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
?4 miles south of Wimbledon
10 miles south-west of Central London
Roads
M25
Rail
New Malden
Air
Heathrow, Gatwick
Situation
The property is situated at the busy junction of the High Street and Kings Avenue within the town's principal retail shopping thoroughfare. Nearby occupiers include Halifax Bank, W H Smith, Nationwide Building Society and Boots the Chemist.
Tenure
Freehold.
Location
Miles
?4 miles south of Wimbledon
10 miles south-west of Central London
Roads
M25
Rail
New Malden
Air
Heathrow, Gatwick
Situation
The property is situated at the busy junction of the High Street and Kings Avenue within the town's principal retail shopping thoroughfare. Nearby occupiers include Halifax Bank, W H Smith, Nationwide Building Society and Boots the Chemist.
Tenure
Freehold.
Description
The property is a substantial corner building comprising a BANKING HALL and ANCILLARY ACCOMMODATION on the ground and part of the first floor.The remaining part of the first floor and the second floor comprises a THREE BEDROOM SELF-CONTAINED MAISONETTE benefiting from independent access. Planning Planning permission has been granted for the conversion of the three bedroom maisonette to 2 x two bedroom flats and for the provision of 3 x one bedroom and 2 x two bedroom new build flats.Contact: Royal Borough of Kingston-upon-Thames.Website: http://www.kingston.gov.ukEmail: dc@rbk.kingston.gov.uk VATVAT is applicable to this lot.6 Week Completion Available
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a substantial corner building comprising a BANKING HALL and ANCILLARY ACCOMMODATION on the ground and part of the first floor.The remaining part of the first floor and the second floor comprises a THREE BEDROOM SELF-CONTAINED MAISONETTE benefiting from independent access. Planning Planning permission has been granted for the conversion of the three bedroom maisonette to 2 x two bedroom flats and for the provision of 3 x one bedroom and 2 x two bedroom new build flats.Contact: Royal Borough of Kingston-upon-Thames.Website: http://www.kingston.gov.ukEmail: dc@rbk.kingston.gov.uk VATVAT is applicable to this lot.6 Week Completion Available
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Ground First (Part)
Shop Depth Banking Hall Ancillary Ancillary
19.23 m 126.51 sq m 46.67 sq m 29.21 sq m
(63' 1") (1,362 sq ft) (502 sq ft) (314 sq ft)
HSBC BANK PLC (1)
15 years from 29/09/2007 until 2022
£70,000
2012 and 2017
First (Part) Second
Residential ? 1 Room and Kitchen Residential ? 3 Rooms
64.46 sq m 64.46 sq m
(693 sq ft) (693 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy for 6 months from 03/12/2008 (2)
£18,000
Totals
331.31 sq m
(3,564 sq ft)
£88,000
(1)?For the year ending 31st December 2008, HSBC Bank plc reported a turnover of ?30,972,000,000, a pre-tax profit of ?4,366,000,000 and a net worth of ?8,143,000,000. (Source: www.riskdisk.com 19/04/2010) (2)?As to the Assured Shorthold Tenancy, the tenant is currently holding over.
