6 Lynette Avenue
Clapham
London
SW4 9HD

Freehold Assisted Living Charity Let Investment

  • Entirely let to a leading UK Charity
  • Lease expires November 2037
  • 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
    16/Jun/2021
  • Rent
    £82,222 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,500,000+
  • Sector
    Residential
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund Manager
Important Update
  • 6 Lynette Avenue<br>Clapham<br>London<br>SW4 9HD
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
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
£82,222RPI 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    11.06.21
    File Size
    31 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    870 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
Somerford Real Estate 17 Grosvenor Street
London
W1K 4QG
William Wynn-Williams 020 7317 0255 will@somerfordre.com
Seller's Solicitors
DLA Piper DLA Piper, 160 Aldersgate St, Barbican
London
EC1A 4HT
George Burrha 020 7153 7066george.burrha@dlapiper.com

Useful Links

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