11 December 2024: Wednesday 11 December 2024 - 9:00am
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    Key features

    • To be offered on 11th December
    • Freehold Mixed Use Investment
    • Comprising a restaurant and self-contained flat above
    • Well located in a popular London suburb
    • Presently let on an overriding lease expiring 2028
    • Subject to a fixed rental uplift in 2026
    • Future development potential
    • VAT is not applicable
    • 6 week completion available
    • Investment let at £32,000 pa, rising to £34,000 pa in 2026

    Description

    The attractive property is arranged on basement, ground and two upper floors to provide a ground and first floor restaurant along with a self-contained flat above (163A).


    The dwelling at 163A comprises 3 bedrooms and a Bathroom (no kitchen) and accessed directly off Lavender Hill.

    Additional information

    Tenure

    Freehold

    Accommodation

    Basement - 51.2 sq m (551 sq ft)

    Ground Floor - 80.22 sq m ( 863 sq ft)

    First Floor - 54.98 sq m (592 sq ft)

    Second Floor 3 bedroom flat


    Total - 186.4 sq m (2,006 sq ft) plus 3 bedroom flat

    Tenancy

    Let to J Kaewbenjakarn & T Chitvicheankul on a full repairing repairing and insuring(FRI) lease for a term of 15 years from August 2013 at £32,000 per annum.


    The lease provides for a fixed rental uplift to £34,000 per annum at the 13th anniversary (2026)


    Deposit of £7,742.44 held

    Planning

    The property may lend itself to alternative use or redevelopment subject to the existing leases and subject to all necessary consents. All enquiries in this regard should be made with the local authority.

    Authority: Wandsworth Borough Council

    Website: wandsworth.gov.uk

    Rent

    £32,000 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.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees

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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.

      Local information

      Lavender Hill is located within Battersea

      The property is located on the south side of Lavender Hill, in between its junctions with Sugden Road and Thirsk Road, in an established trading location

      Nearby occupiers include a number of local occupiers

      Transport

      Road - The A3 is nearby as is the A205 (South Circular) giving access to South and West London respectively, as well as the M25, M3 and M4 motorways.

      Bus - area is served by numerous bus routes

      Rail - Close to Clapham Junction and Wandsworth Common Train Stations providing regular services to London Victoria and London Waterloo.

      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