Let to A Taste of Africa Limited with two personal guarantors and an Authorised Guarantee Agreement
Includes a double fronted bar & 6 flats
Fashionable South-West London Location
500m from Clapham Junction Railway Station
Close to Clapham Common and Battersea Park
Nearby occupiers include HSBC, Pizza Express, KFC, Clapham Cycles and Barnard Marcus
Lot 16
Auction 13th February 2025
Rent £80,900 per Annum Exclusive
Status Available
Guide* £950,000 - £975,000
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, Clapham Cycles and Barnard Marcus 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, Clapham Cycles and Barnard Marcus 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)
A Taste of Africa Limited (CRN: 11957992) with 2x Personal Guarantors and an Authorised Guarantee Agreement (1) (3)
20 years from 08/01/2025
£80,000
08/01/2030 and 5 yearly (07/01/2045)
First Second Third
6 x flats
-
(-)
Let on 6x separate leases to individuals
3 flats are let for a term of 125 years less 3 days from 25/03/1992 and 3 flats have had 90 year lease extensions at a peppercorn rent.(2)
£900
-
Total Approximate Commercial Floor Area
383.63
(4,130)
£80,900
(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) Flats 4,5 and 6 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 and flats 1,2 and 3 have had 90 year lease extensions at a peppercorn rent (3) As to the Commercial lease of the basement and Ground floor, the lease has two personal guarantors for the entire duration of the lease and an Authorised Guarantee Agreement until 2030
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.
