Auction House London

Lot 39

Cafe - Commercial Property 

298 Battersea Park Road

Battersea, London, SW11 3BT

£10,000+

Guide Price (plus fees)

A Freehold Ground Rent Investment Secured Upon a Ground Floor Restaurant and Three Flats Producing £100 per annum. Additionally, an Advertising Hoarding on the Building was Previously Let at £650 per annum.

Description

The property consists of a substantial corner building currently arranged over ground and three upper floors comprising a lock up shop with three self-contained flats above. In addition, an advertising hoarding provides potential further income.

Tenure

Freehold

Location

The property is situated in the sought after south west London area of Battersea amongst the shops and amenites of Battersea Park Road. Nearby multiples include Sainsburys and Papa Johns. Transport links are provided by both Battersea Park (overground and rail lines) & Clapham Junction (overground and rail lines).

Note

S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights.

Accommodation Schedule

Property Floor Accommodation Lease Annual Ground Rent
Restaurant Ground Shop Area 999 year lease from 1/6/2020 Peppercorn
2C Inworth Street First Flat 125 year lease from 24/06/1987 £50
2D Inworth Street Second Flat 125 year lease from 24/06/1987 £50
2E Inworth Street Third Flat 999 years from 8/5/2018 Peppercorn

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

View Details as PDFEnquire NowFinance AvailableRegister to Bid
There are no internal viewings - Ground Rent for Sale For further information, please register for the legal pack. For all enquiries, please contact Jamie Royston at jamie@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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