Retail unit with three self-contained residential flats on upper floors (one let on AST)
Prominent position in bustling South London suburb
Excellent transport links via the A205 (South Circular) and A23
Nearby occupiers include Tulse Hill Post Office and Premier convenience store
Lot 43
Auction 14th February 2018
Rent £18,050 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Fund Manager
Property Information
Location
Miles
5 miles south of Central London
Roads
A204, A23
Rail
Tulse Hill (London Bridge in 20 mins)
Air
London Heathrow, London City Airport
Situation
Tulse Hill is a densely populated area in the borough of Lambeth located 5 miles south of Central London. The property occupies a prominent position on Tulse Hill (South Circular), forming part of a local retail parade. The property benefits from strong transport links, with a comprehensive bus network on the South Circular and Tulse Hill Station within a 3 minute walk. Nearby occupiers include Tulse Hill Post Office and a Premier convenience store.
Tenure
Freehold.
Location
Miles
5 miles south of Central London
Roads
A204, A23
Rail
Tulse Hill (London Bridge in 20 mins)
Air
London Heathrow, London City Airport
Situation
Tulse Hill is a densely populated area in the borough of Lambeth located 5 miles south of Central London. The property occupies a prominent position on Tulse Hill (South Circular), forming part of a local retail parade. The property benefits from strong transport links, with a comprehensive bus network on the South Circular and Tulse Hill Station within a 3 minute walk. Nearby occupiers include Tulse Hill Post Office and a Premier convenience store.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with three self-contained residential flats on the upper floors, two of which have been let on a long lease. The residential flats are accessed via a dedicated entrance off Tulse Hill.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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 three self-contained residential flats on the upper floors, two of which have been let on a long lease. The residential flats are accessed via a dedicated entrance off Tulse Hill.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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
Reversion
188
Ground
Retail
20.90 sq m
(224 sq ft)
INDIVIDUALS t/a Fades n Blades
3 years from 20/03/2017
£6,000
19/03/2020
188a
Ground
Residential
One Bedroom Flat
INDIVIDUALS
1 year AST 07/02/2017
£12,000
06/02/2018
188b
First
Residential
Two Bedroom Flat
INDIVIDUAL
125 years from 13/02/2003 (1)
£50
12/02/2128
188c
Second
Residential
Two Bedroom Flat
INDIVIDUAL
189 years from 29/09/1985 (1)
-
28/09/2174
Total Commercial Area:
20.90 sq m
(224 sq ft)
£18,050
(1) The seller has served a notice on the residential tenants, pursuant to section 5B of the Landlord & Tenant Act 1987.
