364 Grand Drive Raynes Park London SW20 9NQ

  • 364 Grand Drive<br>Raynes Park<br>London<br>SW20 9NQ

364 Grand Drive
Raynes Park
London
SW20 9NQ

Freehold Retail & Residential Investment in South West London Location

  • Forms part of a retail parade with self-contained residential maisonettes to be offered as individual lots
  • Significant opportunity to add value through lease re-gear
  • Prominent position fronting Grand Drive (B279) leading directly to Raynes Park Railway Station
  • VAT free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    35
  • Auction
    22nd October 2015
  • Rent
    £14,700 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail & Residential Investment in South West London Location

  • Forms part of a retail parade with self-contained residential maisonettes to be offered as individual lots
  • Significant opportunity to add value through lease re-gear
  • Prominent position fronting Grand Drive (B279) leading directly to Raynes Park Railway Station
  • VAT free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 35
  • Auction 22nd October 2015
  • Rent £14,700 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
10 miles south-west of London’s West End
8 miles south-east of Richmond
5 miles south-east of Kingston upon Thames
Roads
B279, A238, A3
Rail
Raynes Park Railway Station (21 mins direct to London Waterloo)
Air
London Heathrow International Airport, London Gatwick International Airport
Situation

The property is prominently situated on the east side of Grand Drive (B279) at its southern end, close to the roundabout junction with Hillcross Avenue. The area is predominantly residential and benefits from a Co-op Supermarket, St John Fisher Primary School (Ofsted Good) and Hatfield Primary School (Ofsted Good) being nearby. Immediatley neighbouring the parade to the south is a development site with planning permission for 9 apartments and a convenience store that has been pre-let to Sainsbury’s Supermarkets Ltd. (Planning reference 12/P3086 Merton Council)

Tenure

Freehold.

Location
Miles
10 miles south-west of London’s West End
8 miles south-east of Richmond
5 miles south-east of Kingston upon Thames
Roads
B279, A238, A3
Rail
Raynes Park Railway Station (21 mins direct to London Waterloo)
Air
London Heathrow International Airport, London Gatwick International Airport
Situation

The property is prominently situated on the east side of Grand Drive (B279) at its southern end, close to the roundabout junction with Hillcross Avenue. The area is predominantly residential and benefits from a Co-op Supermarket, St John Fisher Primary School (Ofsted Good) and Hatfield Primary School (Ofsted Good) being nearby. Immediatley neighbouring the parade to the south is a development site with planning permission for 9 apartments and a convenience store that has been pre-let to Sainsbury’s Supermarkets Ltd. (Planning reference 12/P3086 Merton Council)

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with a self-contained residential maisonette comprising four rooms, kitchen and bathroom on the upper floors. The remainder of the retail & residential parade, the builder’s yard and terrace of 6 garages to the rear are to be offered as individual lots. Please refer to Lots 33-41 in the auction catalogue.

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.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with a self-contained residential maisonette comprising four rooms, kitchen and bathroom on the upper floors. The remainder of the retail & residential parade, the builder’s yard and terrace of 6 garages to the rear are to be offered as individual lots. Please refer to Lots 33-41 in the auction catalogue.

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.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review/(Reversion)
Unit 364 Ground
First &
Second		 Retail
Residential
Outbuilding
51.90 sq m
104.45 sq m
16.31 sq m
(559 sq ft)
(1,125 sq ft)
(176 sq ft)
 C SIDAR & B SIDAR
(t/a Grand Takeaway) (3)		 15 years from 28/09/2013
on a full repairing and insuring lease		 £14,700 28/09/16 & 3 yearly
(27/09/28)
Totals    
1,372.08 sq m
(14,771 sq ft)
     £14,700  

(1) The managing agent understands that the residential flat has been sublet but no sublease or AST is available.

Contacts

Seller's Solicitors
DWF LLP 1 Scott Place, 2 Hardman Street,
Manchester
M3 3AA
Alicia Renshaw 0161 838 0245alicia.renshaw@dwf.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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