248 / 250 Richmond Road
Putney
London
SW15 6TG

Newly Refurbished Office Investment

  • Let to PB International Travel Limited t/a Powder Byrne
  • In occupation since 1999
  • VAT free investment
  • Busy and highly affluent South West London suburb
  • Approximately 150 metres from Putney Station
  • Neighbouring occupiers include PureGym, Sainsbury’s, Nando’s, Savills, Revolution, Caffè Nero and Halifax
  • Lot
    17
  • Auction
    14/Feb/2019
  • Rent
    £95,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 248 / 250 Richmond Road<br>Putney<br>London<br>SW15 6TG
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* More information on the term "price" can be found here

Property Information

Location
Miles
5 miles south-west of Central London,Roads: Upper Richmond Road (A205 South Circular Road)
Rail
Putney Station (South Western Railway)
East Putney Underground (District Line)
Air
London Heathrow, City and Gatwick Airports
Situation

Putney is a highly affluent South West London suburb some 5 miles south-west of London’s West End. The property occupies a prominent position on the northern side of Upper Richmond Road (A205 South Circular Road), approximately 150 metres from Putney Station and some 650 metres from East Putney Underground Station (District Line). Nearby occupiers include PureGym, Sainsbury’s, Nando’s, Savills, Revolution, Caffè Nero and Halifax, amongst others.

Tenure

Virtual Freehold. Virtual Freehold – held for a term of 999 years from completion of the sale. The Freehold interest may be available by separate negotiation.

Description

The property comprises highly specified, airconditioned, self-contained office accommodation on the ground and lower ground floors. The property forms part of a larger building with 6 residential flats on the upper floors.

VAT

VAT is not applicable to this lot.

EPC

Band C

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/
(Reversion)
Ground
Lower Ground
Office/Ancillary
196.91 sq m
189.56 sq m
(2,120 sq ft)
(2,040 sq ft)
PB
INTERNATIONAL
TRAVEL LIMITED
t/a Powder Byrne
(1)
10 years from
completion of the
sale on a full
repairing and
insuring lease (2)(3)
£95,0002024
(2029)
Total Commercial Area
386.47 sq m
(4160 sq ft)
  £95,000 

(1) Powder Byrne has been creating bespoke luxury ski holidays since 1985. For the year ending 30th April 2018, PB International Travel Limited reported a total net worth of £519,491 and is rated by Experian as “Low Risk” (Source: Experian Group 07/01/2019). PB International Travel Limited is licensed and financially regulated by the Civil Aviation Authority (CAA).
(2) Part of the lower ground floor of the property is occupied by a related company (see legal pack for details).
(3)The lease provides for a tenant option to determine the lease on the 6th anniversary of the term.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Field Seymour Parkes LLP 1 London Street, Reading, RG1 4PN
Anna Zatouroff 0118 951 6318anna.zatouroff@fsp-law.com

Useful Links

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