Home > Auctions > December 2020 16 December 2020 - 10:00am > Lot 104

December 2020: Wednesday 16 December 2020 - 10:00am
Return to catalogue   Previous lot Next lot 
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan

Property details

Contact an agent

    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    A well configured retail unit recently refurbished and used as a café and a with a cash point

    Situated in an extremely prominent cornerposition directly opposite Southfields Underground Station

    Undoubted covenants Gails Bakery (2A2) and NatWest Bank (5A1).

    Total Current Rent £66,500 per annum.

    Description

    The property was previously used as a NatWest Bank. The tenant recently undertook a substantial refurbishment as part of the new letting and is now used as a café over ground floor and basement.


    The ATM is the closet to the Underground

    Additional information

    Tenure

    A new virtual Freehold interest of 999 years. Ground rent a peppercorn.

    Tenancy

    Retail & Ancillary - Ground & Basement is let to Gail’s Limited t/a Gail’s Bakery on a 15 year lease from 16 December 2019 at £62,500 per annum. Rent Review 15/12/2024. Tennant break Clause (15/12/2029). Please see the legal pack regarding the rent free period


    ATM Machine is let to National Westminster Bank Plc on a 5 year lease from 16/12/2019 st £4,000 per annum


    Total Rent of £66,500 per annum.

    Notes

    Gail’s Limited

    Gail’s Artisan Bakery is one of the most famous and desirable bakeries the UK run by Tom Molnar and Luke Johnson. First opening in 2005, there are now over 60 Gail’s Bakeries in neighbourhoods in and around London,Oxford, Brighton and beyond.Gail’s are not just a bricks and mortar retailer, the Wholesale business underpins this and supplies vast amounts within the hospitality industry,Michelin starred restaurants and supermarkets as well as holding a Royal Warrant. They have expanded through COVID with new store openings and actively looking for further store locations.Deemed an essential retailer, the bakeries remained open during the Covid-19 lockdown and the tenant has continued to pay their rent up to date at the subject property.The business has been able to adapt through Covid-19 by embracing the rise in popularity of home baking whilst offering click & collect and home delivery services.Gail’s Limited has a Dun & Bradstreet rating of 2A2 representing a lower than average risk of business failure.


    National Westminster Bank Plc

    National Westminster Bank, commonly known as NatWest, is considered one of the big four retail and commercial banks in the UK. NatWest have over 960 branches and 3,400 ATM’s across the UK with over 7.5 million personal customers and 850,000 small business account holders. The tenant has continued to pay their rent up to date at the subject property.National Westminster Bank Plc has a Dun & Bradstreet rating of 5A1 representing a minimum risk of business failure.

      • View Virtual Tour

        Play

      Contact

        Arrange a viewing

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

        Please select a time from the options below

        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.

        Savills is a trading name of Savills plc. Savills is committed to ensuring that your privacy is protected. This privacy policy explains how we use the information we collect about you, how you can instruct us if you prefer to limit the use of that information and procedures that we have in place to safeguard your privacy

        Local information

        Southfields is an affluent and popular commuter destination in South West London located within the Borough of Wandsworth.

        Southfields is a district of inner London located within the London Borough of Wandsworth, 5.6 miles south-west of Charing Cross

        The property is extremely well located on Southfields High Street, opposite Southfields Tube Station, making access to local amenities and to a greater extent the rest of London.

        Southfields has a vibrant mix of shops, restaurants, cafés and pubs predominately focused along Wimbledon Park Road and Replingham Road. The area benefits from an attractive blend of local and national operators including Sainsbury’s Local, M&S Foodhall, The Gym Group,Caffe Nero, Boots, Cook, Tesco Express, Barclays Bank, Starbucks, Greggs, Costa and Franco Manca.

        The property is situated in an extremely prominent corner position directly opposite Southfields Underground Station( Zone 3) with approximately 5.8 million users each year.

        Southfields is the main London Underground station for the Wimbledon Tennis Championships attracting over 500,000 spectators each year.

        Transport

        Southfields (Underground, District Line)

        Legal documents

        Login to view legal documents

        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.

        Buying a property Common auction conditions Auction notices

        Addendums