537 Old York Road Wandsworth London SW18 1TG

537 Old York Road
Wandsworth
London
SW18 1TG

Freehold Retail and Residential Investment

Let on a renewed 15 year lease with no breaks until 2028
Popular and affluent South-West London suburb
Neighbouring occupiers include Pizza Express Restaurant and Sainsbury’s Local
Six Week Completion Period Available

Lot
14
Auction
14th February 2013
Rent
£30,100 per Annum Exclusive
Status
Sold
Price
£395,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Residential Investment

Let on a renewed 15 year lease with no breaks until 2028
Popular and affluent South-West London suburb
Neighbouring occupiers include Pizza Express Restaurant and Sainsbury’s Local
Six Week Completion Period Available

Lot 14
Auction 14th February 2013
Rent £30,100 per Annum Exclusive
Status Sold
Price £395,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 5 miles west of Richmond, 5 miles south of Central London
Roads: A3, A23, A205 (South Circular Road), A214
Rail: Wandsworth Town Station, Clapham Junction Station (direct to London Waterloo)
Air: London Heathrow, London Gatwick

Situation

The property is situated in the popular and affluent South London suburb of Wandsworth, which lies some 5 miles south of Central London. Old York Road is located immediately off the A214 and Wandsworth Town Station is approximately 100 metres from the property. Neighbouring occupiers include Pizza Express Restaurant, Sainsbury’s Local and an eclectic mixture of high end local traders.

Tenure

Freehold. Let on a renewed 15 year lease with no breaks until 2028 Popular and affluent South-West London suburb Neighbouring occupiers include Pizza Express Restaurant and Sainsbury’s Local Six Week Completion Period Available

Location

Miles: 5 miles west of Richmond, 5 miles south of Central London
Roads: A3, A23, A205 (South Circular Road), A214
Rail: Wandsworth Town Station, Clapham Junction Station (direct to London Waterloo)
Air: London Heathrow, London Gatwick

Situation

Tenure

Description

The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement. The first floor comprises a self-contained residential flat, which has been let on a long lease.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Basement	Retail Ancillary	81.34 sq m 18.78 sq m	(875 sq ft) (202 sq ft)	SPQR CLEAVERS LTD guaranteed by Ocean City Investments Limited (t/a ‘Cleavers Butchers’) (1) (2)	15 years from 24/06/2012 on a full repairing and insuring lease	£30,000	24/06/2017 and 5-yearly
First & Second	Residential	Not Measured		INDIVIDUAL	125 years from 25/12/2006	£100
Commercial Floor Areas		100.12 sq m	(1,077 sq ft)			£30,100

(1) The tenant is associated with the operator of Konnigans restaurant opposite the parade at 344/346 Old York Road and has been associated with the property since approximately 2000.
(2)For the year ending 31st December 2011, Ocean City Investments Limited reported a total net worth of £423,179.