5 yearly RPI linked rent reviews collared at 2% and capped at 4%
Next Rent Review November 2022 - minimum rental uplift to £90,779 pa
Less than 100 yards from Clapham Common and Clapham South Underground Station
Highly desirable residential location with future Change of Use/Redevelopment Potential (subject to lease & consents)
VAT-free London Investment
Lot 13
Auction 16th June 2021
Rent £82,222 per Annum Exclusive
Status Sold
Price £1,545,000
Sector Residential
Auction Venue Live Streamed Auction
On Behalf of a Major Fund Manager
Property Information
Location
Miles
4 miles south-west of Central London
Roads
A3, A24, A205
Rail
Clapham South (Northern Line)
Air
London Heathrow, London Gatwick
Situation
Clapham is a vibrant and popular south-west London district approximately 4 miles south west of Central London. The property is located on the south side of Lynette Avenue, less than 100 yards from Clapham Common and 0.2 miles from Clapham South Underground Station (Northern Line) in a predominantly residential location.
Tenure
Freehold.
Location
Miles
4 miles south-west of Central London
Roads
A3, A24, A205
Rail
Clapham South (Northern Line)
Air
London Heathrow, London Gatwick
Situation
Clapham is a vibrant and popular south-west London district approximately 4 miles south west of Central London. The property is located on the south side of Lynette Avenue, less than 100 yards from Clapham Common and 0.2 miles from Clapham South Underground Station (Northern Line) in a predominantly residential location.
Tenure
Freehold.
Description
The property comprises a Victorian terraced house arranged over the lower ground, ground, first and second floors. The property is currently arranged as six bedrooms, two bathrooms, a reception room and kitchen used as assisted housing. The property also benefits from a garden to the rear.
VAT
VAT is not applicable to this lot.
EPC
E. See legal pack at www.acuitus.co.uk
Description
The property comprises a Victorian terraced house arranged over the lower ground, ground, first and second floors. The property is currently arranged as six bedrooms, two bathrooms, a reception room and kitchen used as assisted housing. The property also benefits from a garden to the rear.
VAT
VAT is not applicable to this lot.
EPC
E. See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Lower Ground Ground First Second
Residential (6 bedrooms and 2 bathrooms)
5.90 sq m 73.00 sq m 61.20 sq m 60.70 sq m
(64 sq ft) (786 sq ft) (659 sq ft) (653 sq ft)
SIG INVESTMENTS with a guarantee from SOCIAL INTEREST GROUP (1)
20 years from 10/11/2017 expiring 09/11/2037 on a full repairing and insuring lease
£82,222
RPI linked rent review in November 2022 and 5 yearly thereafter (collared at 2% pa and capped at 4% pa)
Total
200.80 sq m
(2,162 sq ft)
£82,222
(1) For the year ending 31/03/2020, Social Interest Group reported a turnover of £18,094,000, pre-tax profit of £299,000 and total assets of £4,009,000 (NorthRow 19/05/2021). The Social Interest Group (SIG) is a leading UK based charity, providing bespoke person centred social and health care solutions, with about 240 units of accommodation, over 400 qualified staff and over 30 services across London, Bedfordshire and East Sussex (source: socialinterestgroup.org.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
