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    Key features

    • To be Offered on Tuesday 10 February
    • Freehold Shop and Residential Ground Rent Investment
    • Well located in the South West London Suburb of Brixton
    • Comprising a shop over basement and ground floor
    • Shop let on a lease expiring 2034
    • 2 outstanding rent reviews (1)
    • VAT is not applicable
    • Total current rent £7,200 per annum (9.60% GIY off Guide Price)

    Description

    The property is arranged on basement, ground and two upper floors to provide a ground floor shop with ancillary basement accommodation with upper parts providing a self-contained flat sold off on a long lease.

    The basement is accessed via a trap door.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - 13.84 sq m (148 sq ft)

    Basement - 17.24 sq m (185 sq ft)


    Total - 31.08 sq m (333 sq ft)


    Upper floors - self contained flat. Sold off on a long lease.

    Tenancy

    Please see the below schedule of accommodation and tenancies.


    (1) The previous 2 rent reviews remain outstanding. We are advised that that the vendor has served notice on the tenant with regard to the 2019 rent review at £8,000 per annum, but that there has been no response at this time.


    Please note - the vendor has taken advice with regards to the rent review and it has been determined that time is not of the essence and therefore if a rent review has been implemented it maybe able to be backdated to the previous review date. Buyers are asked to rely on their own enquiries in this regard.

    Rent

    £7,200 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Brixton is a densely populated suburb of South London, some 2 miles south of Central London and 4 miles north of Streatham.

      Transport

      Tube - Brixton underground station (Victoria Line)

      Train - Brixton Overground station providing regular services to London Victoria (7 mins) & Orpington

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums