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 with two roof terraces.
VAT is not applicable to this lot.
NB. 322 Kennington Lane is Lot 32, 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 with two roof terraces.
VAT is not applicable to this lot.
NB. 322 Kennington Lane is Lot 32, 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 | 75.60 sq m |
(813 sq ft) |
DEANVALE LTD with personal guarantee (1) |
15 years from 15/11/2011 |
£17,500 | 29/09/2021 (28/09/2026) |
| First and Second |
Residential | 109.59 sq m (excluding roof terraces) |
(1,179 sq ft) (excluding roof terraces) |
INDIVIDUAL | AST from 18/09/2019 | £38,400 (2) | (17/09/2020) |
| Totals |
185.19 sq m |
(1,992 sq ft) |
£55,900 | ||||
(1) The tenant operates a cafe and catering business from the unit and is currently in the process of the refurbishing the cafe area.
The tenant has recently taken a lease of the adjoining property's (322) rear yard to extend their outdoor seating area.
(2) The rent has been annualised.
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