Let on a renewed 15 year lease with no breaks until 2028
Popular and affluent South-West London suburb
Neighbouring occupiers include Pizza Express Restaurant and Sainsbury’s Local
Six Week Completion Period Available
Lot 14
Auction 14th February 2013
Rent £30,100 per Annum Exclusive
Status Sold
Price £395,000
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
5 miles west of Richmond, 5 miles south of Central London
Roads
A3, A23, A205 (South Circular Road), A214
Rail
Wandsworth Town Station, Clapham Junction Station (direct to London Waterloo)
Air
London Heathrow, London Gatwick
Situation
The property is situated in the popular and affluent South London suburb of Wandsworth, which lies some 5 miles south of Central London. Old York Road is located immediately off the A214 and Wandsworth Town Station is approximately 100 metres from the property. Neighbouring occupiers include Pizza Express Restaurant, Sainsbury’s Local and an eclectic mixture of high end local traders.
Tenure
Freehold. Let on a renewed 15 year lease with no breaks until 2028
Popular and affluent South-West London suburb
Neighbouring occupiers include Pizza Express Restaurant and Sainsbury’s Local
Six Week Completion Period Available
Location
Miles
5 miles west of Richmond, 5 miles south of Central London
Roads
A3, A23, A205 (South Circular Road), A214
Rail
Wandsworth Town Station, Clapham Junction Station (direct to London Waterloo)
Air
London Heathrow, London Gatwick
Situation
The property is situated in the popular and affluent South London suburb of Wandsworth, which lies some 5 miles south of Central London. Old York Road is located immediately off the A214 and Wandsworth Town Station is approximately 100 metres from the property. Neighbouring occupiers include Pizza Express Restaurant, Sainsbury’s Local and an eclectic mixture of high end local traders.
Tenure
Freehold. Let on a renewed 15 year lease with no breaks until 2028
Popular and affluent South-West London suburb
Neighbouring occupiers include Pizza Express Restaurant and Sainsbury’s Local
Six Week Completion Period Available
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement. The first floor comprises a self-contained residential flat, which has been let on a long lease.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement. The first floor comprises a self-contained residential flat, which has been let on a long lease.
VAT
VAT is not applicable to this lot.
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 Basement
Retail Ancillary
81.34 sq m 18.78 sq m
(875 sq ft) (202 sq ft)
SPQR CLEAVERS LTD guaranteed by Ocean City Investments Limited (t/a ‘Cleavers Butchers’) (1) (2)
15 years from 24/06/2012 on a full repairing and insuring lease
£30,000
24/06/2017 and 5-yearly
First & Second
Residential
Not Measured
INDIVIDUAL
125 years from 25/12/2006
£100
Commercial Floor Areas
100.12 sq m
(1,077 sq ft)
£30,100
(1) The tenant is associated with the operator of Konnigans restaurant opposite the parade at 344/346 Old York Road and has been associated with the property since approximately 2000. (2)For the year ending 31st December 2011, Ocean City Investments Limited reported a total net worth of £423,179.
