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Lot 9

Commercial Retail Investment
Gross Yield 10%
Completion 23rd June 2021

Situation

Located close to the junction with Wandsworth High Street and nearby Southside Wandsworth Shopping Centre. King George's Park and Wandsworth Town rail station are both within ½ mile distant.
Wandsworth is a popular and bustling town centre located approximately 1 mile east of Putney and 5 miles south west of central London.

Property

Forming part of an end of terrace building within a Conservation Area comprising a Ground Floor Shop and Basement.

Accommodation

Ground Floor Shop
Gross Frontage 16'2”
Internal Width 13'7”
Shop & Built Depth 25'9”
Basement
Area Approx. 150 sq ft
WC

VAT is NOT applicable to this Lot

Tenure

Leasehold to be for a term of 999 years from completion at a peppercorn ground rent.

Tenancy

The property is let on a repairing and insuring lease to Angelic Hell Tattoo World Ltd (with Guarantor) as a Tattoo Parlour for a term of 3 years from 1st September 2020 (excl. s. 24-28 of L & T Act 1954) at a current rent of £20,000 per annum exclusive.

Mutual Break from December 2021, subject to 3 months prior notice.

Note: There may be potential to convert the shop to Residential Use similar to the adjacent units within the parade.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

14 Putney Bridge Road, Wandsworth, London SW18 1HU