Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
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.
Freehold.
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.
Freehold.
The property comprises a ground floor retail unit with a
self-contained four bedroom residential flat on first and second floors.
VAT is not applicable to this lot.
NB. 324 Kennington Lane is Lot 22, 326 Kennington Lane is Lot 12 and 334 Kennington Lane is Lot 1 in the catalogue.
Available at acuitus.co.uk
The property comprises a ground floor retail unit with a
self-contained four bedroom residential flat on first and second floors.
VAT is not applicable to this lot.
NB. 324 Kennington Lane is Lot 22, 326 Kennington Lane is Lot 12 and 334 Kennington Lane is Lot 1 in the catalogue.
Available at acuitus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground | Retail | 69.22 sq m |
(745 sq ft) |
PAYLESS GROUP LTD with personal guarantee t/a Payless Food & Wine | 10 years from 21/09/2018 |
£18,000 | 21/09/2023 (20/09/2028) |
| Rear Yard | Outdoor Seating |
Not measured |
DEANVALE LTD (1) | A term of years expiring on 28/09/2026 |
£1,000 | ||
| First and Second |
Residential | 134.99 sq m |
(1,453 sq ft) |
INDIVIDUAL | Assured Shorthold Tenancy from 13/01/2016 |
£33,800 (2) | Holding over |
| Totals | 204.21 sq m |
(2,198 sq ft) |
£52,800 | ||||
(1) The rear yard is occupied by the adjoining caf? operator and is used as an outdoor seating area.
(2) The rent has been annualised.
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