118 Northcote Road Battersea London SW11 6QP

118 Northcote Road
Battersea
London
SW11 6QP

Freehold Retail Investment

Let to Marsh & Parsons Limited on a 15 year lease until 2030 (no breaks)
Prominent and busy corner position in affluent South-West London suburb
Close to Clapham Junction and Wandsworth Common Stations
Nearby occupiers include Kinleigh Folkard & Hayward, Cluttons and Fired Earth
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
3
Auction
9th July 2015
Rent
£59,550 per Annum Exclusive
Status
Sold
Price
£1,190,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Marsh & Parsons Limited on a 15 year lease until 2030 (no breaks)
Prominent and busy corner position in affluent South-West London suburb
Close to Clapham Junction and Wandsworth Common Stations
Nearby occupiers include Kinleigh Folkard & Hayward, Cluttons and Fired Earth
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 3
Auction 9th July 2015
Rent £59,550 per Annum Exclusive
Status Sold
Price £1,190,000
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, 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

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

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)