BY ORDER OF TRUSTEES
6 Week completion
Occupying a prominent corner trading position at the junction with Shipka Road, opposite the pedestrianized shopping at Hildreth Street, only a short distance from Balham Underground (Northern Line) and Mainline Railway Stations. Nearby occupiers include Starbucks, William Hill, Waitrose, Sainsbury's, Hamptons, Pizza Express and HSBC together with a host of popular restaurants and local traders.
Balham is a desirable suburb of London located approx. 31/2 miles south of Westminster.
Forming part of a modern corner building comprising a Ground Floor Estate Agents Office with A2 Use.
Ground Floor Estate Agents Office
Gross Frontage 32'7"
Return Frontage 35'6"
Internal Width 30'11"
narrowing at rear to 28'0"
Built Depth 44'7"
Sales Area Approx. 1,105 sq ft
Store Area Approx. 165 sq ft
VAT is applicable to this Lot
Leasehold for a term of 999 years from 1st January 2003 at a ground rent of £200 p.a. rising to £400 p.a. in 2027, £800 p.a. in 2052 and £2,000 p.a. in 2077.
The property is let on a full repairing and insuring lease to Atkinson McLeod Ltd (Estate Agents having 5 branches) for a term of 15 years from 2nd April 2016 (in occupation since 2004) at a current rent of £52,000 per annum exclusive (previously £47,000 p.a.).
Rent Reviews 2021 & 2026