334/334a Kennington Lane
London
SE11 5HY

Freehold Retail and Residential Investment

  • Ground floor retail unit let until 2032 (no breaks)
  • Three bedroom maisonette with roof terrace on upper floors let on AST
  • Busy Central London location
  • Overlooking Vauxhall Pleasure Gardens
  • Lot
    1
  • Auction
    24/Oct/2019
  • Rent
    £46,360 per Annum Exclusive
  • Status
    Available
  • Price*
    £825,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On Behalf of Trustees
Important Auction & Property Update
  • 334/334a Kennington Lane<br>London<br>SE11 5HY
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* More information on the term "price" can be found here

Property Information

Location
Miles
2.6 miles south-west of the City of London
Roads
A3204, A3
Rail
Vauxhall Rail and Underground
Air
London City Airport
Situation

The property is located in the popular residential and commercial area of Vauxhall Cross, overlooking Vauxhall Pleasure Gardens, close to the River Thames. The property forms part of a local retail parade between Vauxhall and Kennington. Surrounding the property is a mixture of residential and office developments, with nearby occupiers including British Water and Nutmeg. The Oval Cricket Ground is also located within walking distance of the property. Kennington Lane benefits from excellent transport links, with Northern Line, Victoria Line and Overground services located within close proximity, as well as being on major bus routes.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with a
self-contained three bedroom maisonette on the first and second floors, together with a roof terrace.

VAT

VAT is not applicable to this lot.

Note

NB. 322 Kennington Lane is Lot 32, 324 Kennington Lane is Lot 22 and 326 Kennington Lane is Lot 12 in the catalogue.

EPC

Available in legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/(Reversion)
GroundRetail68.50 sq m(737 sq ft)VAUXHALL BUSINESS
CENTRE LIMITED
guaranteed by Business
Mail Solutions Limited
t/a Mail Boxes Etc (1)
15 years
from
08/12/2017
£17,50008/12/2022 and
08/12/2027
(07/12/2032)
First and SecondResidential
102.59 sq m
(1,104 sq ft)
INDIVIDUALAST from
27/08/2018
£28,860 (2)(26/08/2019)
Total
171.09 sq m
(1,841 sq ft)
  £46,360 

(1) Mail Boxes etc has 150 franchised stores in the UK and Ireland and offers postal services, printing, digital copy services, mailbox rental and virtual office package (Source: www.mbe.co.uk/ 11/09/2019).
(2) The rent has been annualised.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    14.10.19
    File Size
    18 MB
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  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Thomson & Bancks 1 Mansell Street
Stratford upon Avon
CV37 6NR
Robert Davies 01789 295 544robertd@tbsolicitors.co.uk

Useful Links

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