209 Upper Richmond Road
(South Circular Road A205)
Putney, London
SW15 6SQ

Freehold Retail/Residential Investment

  • Ground floor let to Individuals t/a Adornments Boutique
  • Reversionary lease to be signed extending the lease for an additional 5 years
  • Popular and affluent South West London suburb
  • Close to Putney High Street and Putney Railway Station
  • Lot
    8
  • Auction
    14/Feb/2018
  • Rent
    £18,700 per Annum Exclusive
  • Status
    Sold
  • Price*
    £281,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 209 Upper Richmond Road<br>(South Circular Road A205)<br>Putney, London<br>SW15 6SQ
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Property Information

Location
Miles
4.5 miles south-west of Central London
1 mile north of Wimbledon Common
Roads
Upper Richmond Road
(South Circular Road A205), A3
Rail
Putney Railway Station (Approx 15 mins to London Waterloo)
East Putney Underground Station (District Line)
Air
London Heathrow Airport
Situation

Putney is a popular and affluent South West London riverside suburb. The area benefits from being immediately south of the River Thames and close to Putney Heath, Wimbledon Common and Richmond Park. The property is prominently situated on the south side of Lower Richmond Road (South Circular Road A205), an arterial route between Wandsworth and Richmond. Putney High Street and Putney Railway Station are also just a short distance away.

Tenure

Freehold.

Description

The property comprises boutique ground floor retail accommodation with self-contained residential accommodation on the lower ground, first, second and third floors which have been let on long leases.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

Bidder'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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/(Reversion)
GroundRetail/
Ancillary
37.06 sq m
(399 sq ft)
INDIVIDUALS
t/a Adornments
Boutique
20 years from
14/06/2003
(1)
£18,000 (1)(14/05/2023) (1)
Lower
Ground
Residential
Not measured
INDIVIDUAL (2)189 years
from
29/09/1996
£250Rising to £700 on
29/09/2021, £1,400 on
29/09/2046 & £2,800
on 29/09/2071
First
Second &
Third
Residential
Not measured
INDIVIDUAL (2)125 years
from
30/05/1989
£450Rising to £900 on
30/05/2039 , £1,800 on
30/05/2064 and £3,600
on 30/05/2089
Total Commercial Area
37.06 sq m
(399 sq ft)
  £18,700 

(1) The tenant occupies the property under a lease for a term of 15 years from 14/06/2003 at a current rent reserved of £18,000 p.a.x.
A reversionary lease is due to be signed imminently extending the term for an additional 5 years from 15/05/2018 at a rent of £18,000 p.a.x.
(2) The Seller has served a notice on the residential tenants, pursuant to Section 5B of the Landlord and Tenant Act 1987.

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    729 KB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Withers LLP 16 Old Bailey
London
EC4M 7EG
Rowenna Butler 0207 597 6249rowenna.butler@withersworldwide.com

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