Option to extent the lease for a further 3 years at £14,000
Tenant has been trading from this property for over 10 years
300 metres from the Southside Wandsworth Shopping Centre with occupiers including Waitrose, Wagamama, Starbucks, Primark, Pret A Manger, H&M, McDonald's and Uniqlo
Lot 22
Auction 11th July 2019
Rent £12,500 per Annum Exclusive
Status Sold
Price £183,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Option to extent the lease for a further 3 years at £14,000
Tenant has been trading from this property for over 10 years
300 metres from the Southside Wandsworth Shopping Centre with occupiers including Waitrose, Wagamama, Starbucks, Primark, Pret A Manger, H&M, McDonald's and Uniqlo
Lot 22
Auction 11th July 2019
Rent £12,500 per Annum Exclusive
Status Sold
Price £183,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
2 miles west of Clapham Common
6 miles south-west of the City of London
Roads
A3, M25
Rail
Wandsworth Town Railway Station
Air
London Heathrow, London Gatwick, London City Airport
Situation
The property is situated in the popular and affluent South West London suburb of Wandsworth. The property is prominently located on the busy High Street (A3) opposite the junction with Putney Bridge Road, 300 metres from the Southside Wandsworth Shopping Centre with occupiers including Waitrose, Wagamama, Starbucks, Primark, Pret A Manger, H&M, McDonald's and Uniqlo.
Tenure
Virtual Freehold. Held for a term of 999 years from 28/09/2014 at a peppercorn rent.
Location
Miles
2 miles west of Clapham Common
6 miles south-west of the City of London
Roads
A3, M25
Rail
Wandsworth Town Railway Station
Air
London Heathrow, London Gatwick, London City Airport
Situation
The property is situated in the popular and affluent South West London suburb of Wandsworth. The property is prominently located on the busy High Street (A3) opposite the junction with Putney Bridge Road, 300 metres from the Southside Wandsworth Shopping Centre with occupiers including Waitrose, Wagamama, Starbucks, Primark, Pret A Manger, H&M, McDonald's and Uniqlo.
Tenure
Virtual Freehold. Held for a term of 999 years from 28/09/2014 at a peppercorn rent.
Description
The property comprises self-contained retail accommodation on the ground floor.
VAT
VAT is applicable to this lot.
Note
No 203 Wandsworth High Street is being offered as Lot 1.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises self-contained retail accommodation on the ground floor.
VAT
VAT is applicable to this lot.
Note
No 203 Wandsworth High Street is being offered as Lot 1.
Completion Period
Six Week Completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Retail
60.40 sq m
(650 sq ft)
INDIVIDUAL t/a Kip McGrath Education Centre (1)
3 years from 22/02/2018 on a full repairing and insuring lease
£12,500
21/02/2021 (2)
Totals
60.40 sq m
(650 sq ft)
£12,500
(1) Kip McGrath Education Centres was established in Australia in 1976 and currently has over 560 centres globally (Source: kipmcgrath.co.uk 07/06/2019). (2) The tenant has an option to extend the lease for a further 3 years from 22/02/2021 at a revised rent of £14,000.
