298 Battersea Park Road London SW11 3BT

298 Battersea Park Road
London
SW11 3BT

Freehold Retail and Residential Investment

  • Retail unit let until 2023 (no remaining breaks) with an important outstanding 2015 rent review Prominent corner position fronting Battersea Park Road (A3205)
  • Located in a fashionable South West London Suburb
  • Nearby occupiers include The Co-operative Funeral Directors, Spar Convenience Store and a range of local occupiers
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    32
  • Auction
    23rd March 2016
  • Rent
    £11,600 per Annum Exclusive
  • Status
    Sold
  • Price
    £200,000
  • Sector
    Restaurant
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On the Instructions of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail and Residential Investment

  • Retail unit let until 2023 (no remaining breaks) with an important outstanding 2015 rent review Prominent corner position fronting Battersea Park Road (A3205)
  • Located in a fashionable South West London Suburb
  • Nearby occupiers include The Co-operative Funeral Directors, Spar Convenience Store and a range of local occupiers
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 32
  • Auction 23rd March 2016
  • Rent
  • Status Sold
  • Price £200,000
  • Sector
    Restaurant
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On the Instructions of a Major Fund Manager

Property Information

Location
Miles
5 miles south-west of Central London
Roads
A3, A24, A214, B229
Rail
Queenstown Rail, Battersea Park Rail and Clapham Junction Rail
Air
Heathrow International, City Airport
Situation

Battersea is an affluent South West London suburb some 5 miles south-west of Central London. The property occupies a prominent corner location on the northern side of Battersea Park Road (A3205) at its junction with Inworth Road. Nearby occupiers include The Cooperative Funeral Directors, Spar Convenience Store and a range of local occupiers.

Tenure

Freehold.

Location
Miles
5 miles south-west of Central London
Roads
A3, A24, A214, B229
Rail
Queenstown Rail, Battersea Park Rail and Clapham Junction Rail
Air
Heathrow International, City Airport
Situation

Battersea is an affluent South West London suburb some 5 miles south-west of Central London. The property occupies a prominent corner location on the northern side of Battersea Park Road (A3205) at its junction with Inworth Road. Nearby occupiers include The Cooperative Funeral Directors, Spar Convenience Store and a range of local occupiers.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with two self-contained residential flats on the first and second floors, let on 125 year leases.

Six Week Completion

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 ground floor retail unit with two self-contained residential flats on the first and second floors, let on 125 year leases.

Six Week Completion

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 Retail
40.40 sq m
(432.86 sq ft)
INDIVIDUAL
(t/a Café Blanca)
12 years from 31/08/2011 £11,00 31/08/2015 (1)
31/08/2019
(30/08/2023)
First Residential
Not Measured
INDIVIDUAL 125 years from 24/06/1987 £50 (23/06/2112) (2)
Second Residential
Not Measured
INDIVIDUAL 125 years from 24/06/1987 £50 (23/06/2112) (2)
Ad Hoarding

 
INDIVIDUAL Approx 13 months from 16/11/2009 £500 (31/12/2010) (3)
Totals  
40.40 sq m
(432.86 sq ft)
    £11,600

(1) The 31st August 2015 rent review is outstanding.
(2) The relevant notices under the Landlord and Tenant Act 1989 have been served.
(3) The tenant is holding over.

Property Documents

  • Catalogue Page
    Updated Date
    14.11.19
    File Size
    1 MB
    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

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
Gareth Jones 0845 498 7642garethjones@eversheds.com

Useful Links

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

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