August 2021: Wednesday 04 August 2021 - 9:30am
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    Key features

    • Investment Let at £19,300 PA
    • Let on a a new 5 year lease
    • Use class E - This offers the purchaser to allow multiple business uses to trade from the Units.
    • Possible Permitted Development rights to convert the unit to C3 residential use (Subject to the requisite consents)
    • Ground floor approximate 600 sqft and basement approximate 217 sqft

    Description

    An attractive mid terrace property forming part of busy and established retail parade boasting a range of independent retailers.

    The shop and upper flat can be accessed from the front of the property (separate entrances)

    The commercial premise has been let out on a new 5 year lease to Decara Home Ltd which offers furniture and house hold accessories, provides a home interiors and design service and was established in 2013. The current tenant has been in occupation since 2014

    The residential flat has been sold off on a long lease (99 year unexpired)

    Additional information

    Tenure

    Freehold

    Accommodation

    Basement - 1 Room (Approx 217 sqft)

    Ground Floor - Shop, covered rear yard, Shower Room, WC, Kitchenet (Approx 600 sqft)

    Ground Floor - Entrance to upstairs flat

    1st and 2nd Floor - Flat sold off on a long lease.


    Tenancy

    Commercial Unit - Lease commencing March 2021 on a 5 year term at £19,200 PA. Tenant rolling breaks from March 2022 on a 6 month notice.


    Upper flat - sold off on a lease for 125 years from 1995 at a ground rent of £100 PA


    Rent

    £19,300 PA

    Notes

    Please note the site areas provided are approximate. Prospective purchasers must rely upon their own enquiries in this regard.

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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

      The property is located close to the junction between Queenstown Road and Prairie Road

      Local amenities can be found on Queenstown road and further a field on Wandsworth Road

      Legal documents

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      EPC rating

      The EPC rating for this property is E

      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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