326/326a Kennington Lane
London
SE11 5HY

Freehold Retail and Residential Investment

  • 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
    24/Oct/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
Important Auction & Property Update
  • 326/326a 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 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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
GroundRetail
59.04 sq m
(639 sq ft )
NUTRITIONAL
SCIENCE
SOLUTIONS
LIMITED
with personal
guarantee t/a
PEP Tanning &
Beauty Clinic
15 years from
29/09/2006
£14,25028/09/2021
First and SecondResidential
105.40 sq m
(1,134 sq ft)
(excludes
roof terrace)
INDIVIDUALAST from
28/04/2019
£30,900 (1)27/04/2020
Totals
164.44 sq m
(1,173 sq ft)
  £45,150 

(1) The rent has been annualised.

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    1,014 KB
    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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