501A & 501B Old York Road
Wandsworth
London
SW18 1TF

Prime Freehold Retail and Ground Rent Investment

Majority let to Barrecore Limited
Barrecore Limited lease for 10 years from 24th May 2017 (subject to option)
Prime location fronting Old York Road and opposite Wandsworth Town Railway Station
Nearby occupiers include Costa, Sainsbury’s Local and Pizza Express
Affluent location in popular South West London suburb

Lot
3
Auction
14/Feb/2019
Rent
£45,100 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Withdrawn Post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

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Photos
Map

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

Property Information

Location

Miles: 1 mile west of Battersea, 1.5 miles west of Clapham Common
Roads: A3, A214
Rail: Wandsworth Town Railway Station (17 minutes to London Waterloo)
Air: London Heathrow Airport, London City Airport

Situation

The property is located in a prime location directly opposite Wandsworth Town Railway Station which provides direct rail links to London Waterloo. The property fronts Old York Road, north of the junction with Ferrier Street and Lovetts Place, which connects to the A3 to the south. Nearby occupiers include Costa, Sainsbury’s Local and Pizza Express, with a number of independent bars, restaurants and retailers also close by.

Tenure

Freehold.

Description

The property comprises a recently fitted out ground floor dance studio, with separately accessed residential accommodation above which has been let on a long lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. Please see legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Retail/Leisure (Dance Studio)/ Ancillary	158 sq m	(1,701 sq ft)	BARRECORE LIMITED (1)	10 years from 24/05/2017 until 23/05/2027 (2)	£45,000 (3)	24/05/2022
First/Second	Residential	–	(–)	TWO INDIVIDUALS	999 years from 01/02/2001 until 31/01/3000	£100	-
Total Commercial Area		158 sq m	(1,701 sq ft)			£45,100

(1) Barrecore was founded in London in 2011 and has since grown to employ over 100 staff across 12 studios in locations including Chelsea, Mayfair, Notting Hill, Kensington and Hampstead (Source: www.barrecore.co.uk 16/01/2019).
(2) The lease provides for a tenant option to determine on 24th May 2022 upon 6 months’ written notice.
(3) A rent deposit of £13,500 including an amount equivalent to VAT is held by the Vendor.