April 2022: Tuesday 05 April 2022 - 9:00am
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    Key features

    • Investment Let at £30,000 pa
    • Entirely let to Teal Hair Ltd trading as Teal London Hair & Beauty
    • 10 year lease from June 2015
    • Excellent pitch in busy South West London District
    • June 2020 rent review outstanding
    • Nearby occupiers include Waitrose, Franco Manca, Sainsbury's and Aldi

    Description

    The property comprises a three storey building arranged as a ground floor shop with ancillary basement.

    The first and second floor is arranged as a two bedroom flat and benefits from separate access from the rear.


    Additional information

    Tenure

    Freehold


    Accommodation

    Ground Floor No 25 - Internal width approximately 14ft 9''

    Built depth approximately 61 ft 9''

    Salon area, Kitchen. Store Room. Separate W/C


    Basement - Internal width approximately 14ft 8''

    Built depth approximately 45ft 3''

    Three Treatment Rooms, Boiler Room, Separate W/C


    First Floor No 25A - Reception Room, Kitchen, Bathroom, Separate W/C


    Second Floor - Two Bedrooms, Study/Small Bedroom


    Tenancy

    The entire property is let to Teal Hair Ltd on a 10 year lease from 24th June 2015 at a rent of £30,000 per annum.

    The June 2020 Rent Review is outstanding.


    Rent

    £30,000 per annum
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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.

      Local information

      Balham is an affluent and popular suburb of London approximately 5 miles south of Central London.

      The property is located in a prominent position on the east side of Bedford Hill, close to it's junction with Hildreth Street.

      Nearby retailers include Waitrose, Franco Manca, Sainsbury's and Aldi.


      Transport

      Underground - Balham (Northern Line)

      National Rail - Balham


      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