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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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

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

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

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.