Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles south-west of Central London
Roads
A3, A24, A214, B229
Rail
Clapham Junction and Wandsworth Common Mainline Station, Clapham Common Underground
Air
Heathrow, City Airport
Situation
Battersea is an affluent South-West London suburb some 5 miles south-west of Central London. The location benefits from being immediately south of the River Thames and from the attractive Battersea Park. Battersea is also home to Battersea Power Station, one of London’s most iconic landmarks, which is now subject to a proposed major mixed-use redevelopment scheme comprising
riverside residential units, office and retail units. The property is prominently located on the west side of Northcote Road at its junction with Belleville Road and 500 metres west of Clapham Common and some 200 metres east of Wandsworth Common.
Tenure
Freehold.
Location
Miles
5 miles south-west of Central London
Roads
A3, A24, A214, B229
Rail
Clapham Junction and Wandsworth Common Mainline Station, Clapham Common Underground
Air
Heathrow, City Airport
Situation
Battersea is an affluent South-West London suburb some 5 miles south-west of Central London. The location benefits from being immediately south of the River Thames and from the attractive Battersea Park. Battersea is also home to Battersea Power Station, one of London’s most iconic landmarks, which is now subject to a proposed major mixed-use redevelopment scheme comprising
riverside residential units, office and retail units. The property is prominently located on the west side of Northcote Road at its junction with Belleville Road and 500 metres west of Clapham Common and some 200 metres east of Wandsworth Common.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor, benefiting from a return frontage, a rear yard and forecourt. The upper floors comprise a residential flat which has been let on a long lease.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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, benefiting from a return frontage, a rear yard and forecourt. The upper floors comprise a residential flat which has been let on a long lease.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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/(Reversion)
Ground
Retail
84.15 sq m
(906 sq ft)
MARSH & PARSONS LIMITED (1)
15 years from 29/01/2015 on a full repairing and insuring lease
£59,500
29/01/2020 29/01/2025 (28/01/2030)
First
Residential
Not Measured
INDIVIDUALS
125 years from 25/03/1998 until 2123
£50
(4)
Total Commercial Floor Area
84.15 sq m
(906 sq ft)
£59,550
(1) Marsh & Parsons has 22 branches covering the Central London residential market and operates as an independent brand within LSL Property Services plc who own brands such as e.surv Chartered Surveyors and Your Move (Source: www.marshandparsons.co.uk). For the year ending 31st December 2013, Marsh & Parsons Limited reported a turnover of £29,537,000, pre-tax profits of £6,345,000 and a total net worth of £18,018,000. (Source: www.riskdisk.com 26/05/2015)
