247-249 Lavender Hill Clapham London SW11 1JW

247-249 Lavender Hill
Clapham
London
SW11 1JW

Freehold Bar/Restaurant Investment

New 20 year lease (no breaks)
Let to A Taste of Africa Limited with two personal guarantors and an Authorised Guarantee Agreement
Includes a double fronted bar & 6 flats
Fashionable South-West London Location
500m from Clapham Junction Railway Station
Close to Clapham Common and Battersea Park
Nearby occupiers include HSBC, Pizza Express, KFC, Clapham Cycles and Barnard Marcus

Lot
16
Auction
13th February 2025
Rent
£80,900 per Annum Exclusive
Status
Available
Guide*
Contact Us
Auction Venue
Live Streamed Auction

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Freehold Bar/Restaurant Investment

New 20 year lease (no breaks)
Let to A Taste of Africa Limited with two personal guarantors and an Authorised Guarantee Agreement
Includes a double fronted bar & 6 flats
Fashionable South-West London Location
500m from Clapham Junction Railway Station
Close to Clapham Common and Battersea Park
Nearby occupiers include HSBC, Pizza Express, KFC, Clapham Cycles and Barnard Marcus

Lot 16
Auction 13th February 2025
Rent £80,900 per Annum Exclusive
Status Available
Guide* Contact Us
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 3 miles south-west of Central London, 400 metres to Clapham Common, Less than 1 miles south of Battersea Park, 750 metres east of Clapham Junction Station
Roads: A3, A3220, A3205
Rail: 450m from Clapham Junction Railway Station
Air: London City Airport, London Heathrow Airport, London Gatwick Airport

Situation

Clapham is a popular and fashionable South West London suburb. The property is prominently located on the south side of the busy Lavender Hill (A3036), in the heart of Clapham. The Property benefits from being approximately 500m from Clapham Junction Railway Station. Nearby occupiers include HSBC, Pizza Express, KFC, Clapham Cycles and Barnard Marcus and an eclectic mix of independent bars, restaurants and shops.

Tenure

Freehold.

Location

Miles: 3 miles south-west of Central London, 400 metres to Clapham Common, Less than 1 miles south of Battersea Park, 750 metres east of Clapham Junction Station
Roads: A3, A3220, A3205
Rail: 450m from Clapham Junction Railway Station
Air: London City Airport, London Heathrow Airport, London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground and lower ground floor bar with ancillary accomodation. The three upper floors comprises two flats each which have been sold off on long leases.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground and lower ground floor bar with ancillary accomodation. The three upper floors comprises two flats each which have been sold off on long leases.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx (sq ft)	Tenant	Term	Rent p.a.x.	Reviews (Reversion)
Ground Lower Ground	Bar Bar/Ancillary	139.33 244.30	(1,500) (2,630)	A Taste of Africa Limited (CRN: 11957992) with 2x Personal Guarantors and an Authorised Guarantee Agreement (1) (3)	20 years from 08/01/2025	£80,000	08/01/2030 and 5 yearly (07/01/2045)
First Second Third	6 x flats	-	(-)	Let on 6x separate leases to individuals	3 flats are let for a term of 125 years less 3 days from 25/03/1992 and 3 flats have had 90 year lease extensions at a peppercorn rent.(2)	£900	-
Total Approximate Commercial Floor Area		383.63	(4,130)			£80,900

(1)The Seller is holding a rent deposit equal to 6 months rent. Information on the tenants business can be found at www.thesugarcane.co.uk
(2) Flats 4,5 and 6 are each let for a term of 125 years less 5 days from 25/03/1992 each a a current rent reserved of £300 PAX rising by £150 PAX every 25 years and flats 1,2 and 3 have had 90 year lease extensions at a peppercorn rent
(3) As to the Commercial lease of the basement and Ground floor, the lease has two personal guarantors for the entire duration of the lease and an Authorised Guarantee Agreement until 2030

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.