Immediately adjacent to Tooting Broadway Underground Station
Neighbouring occupiers include Primark, New Look, Barclays Bank, Caffe Nero and H Samuel
Gross Rent £61,500 per annum exclusive Net Rent £60,950 per annum exclusive
Lot 29
Auction 9th December 2010
Rent £60,950 per Annum Exclusive
Status Sold
Price £367,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
6 miles south-west of the West End of London
7 miles east of Kingston-upon-Thames
Roads
A24, A217, A205 (South Circular Road)
Rail
Tooting Broadway Underground (Northern Line)
Air
London Heathrow
Situation
The property is prominently situated immediately adjacent to Tooting Broadway Underground Station at the major intersection between the A217 and A24. The property is in a strong trading location along with neighbouring occupiers such as Primark, New Look, Barclays Bank, Caffe Nero and H Samuel.
Tenure
Long Leasehold. Long Leasehold Held from London Underground Limited for a term of 99 years from 25th December 1927 until 2026 on a full repairing and insuring lease at a current rent reserved of £550 per annum exclusive
Location
6 miles south-west of the West End of London
7 miles east of Kingston-upon-Thames
Roads
A24, A217, A205 (South Circular Road)
Rail
Tooting Broadway Underground (Northern Line)
Air
London Heathrow
Situation
The property is prominently situated immediately adjacent to Tooting Broadway Underground Station at the major intersection between the A217 and A24. The property is in a strong trading location along with neighbouring occupiers such as Primark, New Look, Barclays Bank, Caffe Nero and H Samuel.
Tenure
Long Leasehold. Long Leasehold Held from London Underground Limited for a term of 99 years from 25th December 1927 until 2026 on a full repairing and insuring lease at a current rent reserved of £550 per annum exclusive
Description
The property comprises a RETAIL UNIT on the ground floor with ANCILLARY ACCOMMODATION in the basement. The first floor comprises OFFICE ACCOMMODATION which is accessed via Tooting High Street.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a RETAIL UNIT on the ground floor with ANCILLARY ACCOMMODATION in the basement. The first floor comprises OFFICE ACCOMMODATION which is accessed via Tooting High Street.
VAT
VAT is 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)
Ground Basement
Retail Ancillary
80.98 sq m 14.54 sq m
(872 sq ft) (157 sq ft)
INDIVIDUAL (t/a Babosh)
15 years from 17/12/2002 (1)
£49,500
17/12/2012
First
Office
152.66 sq m
(1,643 sq ft)
ROBYN MOIRA LYNCH (t/a Kenwright Lynch and Co Solicitors) (3)
10 years from 25/03/1998 (1)
£12,000
24/03/2018 (Holding over)
Totals
248.18 sq m
(2,672 sq ft)
£61,500
(1) The headlease provides for a rolling option to determine by the Superior Landlord on tendering three months’ notice if London Underground Limited requires the property or any part for any purpose connected with the operation of their railways or any other works or with any present or future buildings of the Landlord.
