Home > Auctions > July 2022 19 July 2022 - 9:00am > Lot 74

July 2022: Tuesday 19 July 2022 - 9:00am
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Property details

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    Key features

    • Investment Let at £16,000 pa (Plus Vacant Flat)
    • Ground floor and basement shop let to tenant trading as Thai Grocer
    • Shop let on a 15 year lease expiring January 2027
    • Includes one bedroom flat above
    • Immediate asset management opportunities including letting vacant one bedroom flat above
    • Potential to add value by way of extension and/or adding another floor above (subject to necessary consents)
    • Close to Earlsfield Train Station
    • VAT-Free Investment

    Description

    The property currently comprises a two storey building arranged as a ground and basement floor restaurant/grocer together with a one bedroom flat on the first floor. The upper parts benefit from separate access from Garratt Lane. There is potential to extend or add another floor to the property subject to necessary consents.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Ground - Cafe/Restaurant - 42.44 sq m (457 sq ft)

    Basement - Ancillary - (324 sq ft)

    First - One bed flat


    Tenancy

    Ground/Basement - Let to an individual trading as Thai Grocer on a 15 year lease from 01/02//2012 until 31/01/2027 at a rent of £16,000 pa

    First - One bed flat - Vacant Possession

    Planning

    For all planning enquiries please contact Wandsworth Council (www.wandsworth.gov.uk/planning-and-building-control).


    Rent

    £16,000

    Notes

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


    VAT is not applicable to this lot.

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        Local information

        The property is situated between Wandsworth and Earlsfield, an attractive and affluent part of south-west London. The property is located on the north side of Garratt Lane, in a predominantly residential location. The property is less than 500m from Earlsfield train station which provides direct access to Clapham Junction, Vauxhall and London Waterloo. Southside Shopping Centre is also close by (<1 mile) with retailers including Cineworld, Boots, Primark, Holland & Barrett and more. Other occupiers on Garratt Lane include Tesco Express, Safestore and a number in boutique and independent shops, cafe's and restaurants.

        Transport

        Earlsfield (South Western Railway)

        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.

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