Ground floor retail unit let until 2021 (no breaks)
Majority of income secured by three bedroom maisonette on upper floors let on AST
Busy Central London location
Overlooking Vauxhall Pleasure Gardens
Lot 12
Auction 24th October 2019
Rent £45,150 per Annum Exclusive
Status Sold
Price £800,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
On Behalf of Trustees
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.
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 residential flat on the first and second floors, together with a roof terrace.
VAT
VAT is not applicable to this lot.
Note
322 Kennington Lane is Lot 32, 324 Kennington Lane is Lot 22 and 334 Kennington Lane is Lot 1 in the catalogue.
EPC
Available in legal pack.
Description
The property comprises a ground floor retail unit with a self-contained three bedroom residential flat on the first and second floors, together with a roof terrace.
VAT
VAT is not applicable to this lot.
Note
322 Kennington Lane is Lot 32, 324 Kennington Lane is Lot 22 and 334 Kennington Lane is Lot 1 in the catalogue.
EPC
Available in legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Retail
59.04 sq m
(639 sq ft )
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