287 New Kings Road Parsons Green London SW6 4RE

287 New Kings Road
Parsons Green
London
SW6 4RE

Freehold Retail Investment

  • Let to Countrywide Estate Agents (t/a John D Wood) on a new 10 year lease
  • Prominent and busy corner position in affluent South West London riverside suburb
  • Close to Parsons Green Underground Station (District Line)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    44
  • Auction
    9th July 2015
  • Rent
    £50,050 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,070,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Countrywide Estate Agents (t/a John D Wood) on a new 10 year lease
  • Prominent and busy corner position in affluent South West London riverside suburb
  • Close to Parsons Green Underground Station (District Line)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 44
  • Auction 9th July 2015
  • Rent
  • Status Sold
  • Price £1,070,000
  • Sector
    High Street Retail
  • 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, A4, A205 (South Circular Road)
Rail
Parsons Green Underground (District Line)
Air
Heathrow, City Airport
Situation

The property is situated in the affluent South-West London district of Parsons Green some 5 miles south-west of Central London. The property is prominently located on the south side of New Kings Road at its junction with Alderville Road and is some 300 metres from Hurlingham Park and 500 metres from Parsons Green Underground Station. Nearby occupiers include Ladbrokes, Starbucks and Featherstone Leigh.

Tenure

Freehold.

Location
Miles
5 miles south-west of Central London
Roads
A3, A4, A205 (South Circular Road)
Rail
Parsons Green Underground (District Line)
Air
Heathrow, City Airport
Situation

The property is situated in the affluent South-West London district of Parsons Green some 5 miles south-west of Central London. The property is prominently located on the south side of New Kings Road at its junction with Alderville Road and is some 300 metres from Hurlingham Park and 500 metres from Parsons Green Underground Station. Nearby occupiers include Ladbrokes, Starbucks and Featherstone Leigh.

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and benefits from a return frontage. The upper floors comprise of a residential maisonette which have 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 and benefits from a return frontage. The upper floors comprise of a residential maisonette which have 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 Review/(Reversion)
Basement
Ground
Ancillary
Retail
46.40 sq m
88.70 sq m
(499 sq ft)
(955 sq ft)
COUNTRYWIDE ESTATE AGENTS
(t/a John D Wood) (1)
10 years from 15/09/2015 on a full repairing and insuring lease (2) £50,000 15/09/2020
(14/09/2025)
First and Second and Third Residential
Not Measured
INDIVIDUALS 125 years from 25/03/1982 £50  
Total Commercial Floor Area
135.10 sq m
(1,454 sq ft)
    £50,050

(1) For the year ending 31st December 2014, Countrywide Estate Agents reported a turnover of £368,663,000, pre-tax profits of £59,720,000 and a total net worth of £104,361,000. (Source: www.riskdisk.com 15/06/2015).
(2)The tenant is currently holding over on a 10 year lease at a current rent reserved of £40,000 per annum exclusive. Heads of terms for the new 10 year lease from 15/09/2015 have been agreed but not yet completed.

Property Documents

  • Site Plan
    Updated Date
    26.10.20
    File Size
    43 KB
    View PDF
  • Catalogue Page
    Updated Date
    26.10.20
    File Size
    912 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Field Seymour Parkes LLP 1 London Street
Reading
RG1 4QW
Richard Tweed 0118 951 6266richard.tweed@fsp-law.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now