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    Withdrawn Post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
  • 501A & 501B Old York Road<br>Wandsworth<br>London<br>SW18 1TF
  • Expand
  • 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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundRetail/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/SecondResidential
(–)
TWO INDIVIDUALS999 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.

Property Documents

  • Catalogue Page
    Updated Date
    02.05.19
    File Size
    999 KB
    View PDF
  • Site Plan
    Updated Date
    02.05.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Edmund Willis 020 3036 7125 ewillis@fladgate.com

Useful Links

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