No longer on the market
This property is no longer on the market
MapShop
Shop
290
Features and description
- Class E commercial investment for sale
- Fully let to a hairdressers
- New 10-year FRI lease term
- 1 years' rent paid upfront
- Long leasehold
Location:
The property is located on the northern side of Felsham Road at its junction with Weiss Road. It is situated within a small parade of local retail shops with residential uppers. The South Circular Road (A205) is 0.3 miles south of the premises, crossing through South London and linking the M4 and A4 at Gunnersbury in the west. Transport links are excellent, with Putney Station (Southwestern Railway) being just 0.5 miles southeast of the premises, offering regular access to and from Greater London, including Waterloo. Putney Bridge Underground (District Lines) is 0.6 miles north of the premises. The locality also benefits from regular bus services, including to Shepherd’s Bush and Baker Street.
Putney is an affluent residential suburb in southwest London. The vicinity benefits from a large variety of restaurants and popular national retail outlets on the nearby Putney High Street, including Boots, Lidl, Waitrose, Sports Direct, EE and H&M. Local attractions include the Putney Embankment on the River Thames which is occupied by multiple boat houses and small artisan street, and Wandsworth Park.
Description:
The premises are arranged over ground and basement floors of a mixed-use, three storey brick-built building. It occupies a prominent end of terrace corner position with return frontage. The premises has been recently refurbished and benefits from well-lit ground floor trading space, and ancillary storage, office, and WC facilities in the basement. The premises are fully let, trading as a hairdressers.
Accommodation:
FloorNet Internal Floor AreaGround 160 sq. ft. / 14.86 sq. m.Basement 130 sq. ft. / 12.07 sq. m.Total 290 sq. ft. / 26.94 sq. m.
User:
We believe the premises fall under Class E of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
Local Council:
London Borough of Wandsworth.
EPC:
The commercial premises has an EPC rating of B (49). A copy of the EPCs is available upon request.
Legal Fees:
Each party to bear its own legal costs.
Tenure:
The premises are held on a 125-year lease, beginning on 24th June 1991 and expiring on and including 23rd June 2116. Therefore approx. 93 Year remaining.
Tenancy:
The premises are let to Virgin Hair UK LTD Company number 14616552. The tenant has signed a FRI lease for a term of 10 years from 3rd November 2023 at an initial rent of£15,600 per annum. The first years rent has been paid in advance to the landlord and in addition there is a rent deposit of 6 months for the duration of the term. There is a tenant only break at the 5th anniversary of the term subject to 6 month prior written notice.
Ground Rent:
The ground rent payable is currently £150.00 per annum rising every 25 years, with the next increase to £300.00 per annum and then to £750.00 for the residual term.
Service Charge:
There is a service charge for the building and the commercial unit pays 25% of any outgoings to maintain the building. There is a provision for a reserve fund.
Price:
Offers in excess of £200,000 (two hundred and fifty thousand pounds). A purchase at this level will show a NIY of 7.7% after allowing for purchasers standard costs.
VAT:
The property is not elected for VAT.
AML:
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from any successful Purchaser.
Viewings:
By appointment only via landlord’s sole agent: Willmotts Chartered Surveyors.
Contacts:
Emily Bradshaw
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E: [use Contact Agent Button]
Huseyin Zafer
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E: [use Contact Agent Button]
Shahid Sadiq
M:[use Contact Agent Button]
E: [use Contact Agent Button]
Varol Zafer
M:[use Contact Agent Button]
E: [use Contact Agent Button]
The property is located on the northern side of Felsham Road at its junction with Weiss Road. It is situated within a small parade of local retail shops with residential uppers. The South Circular Road (A205) is 0.3 miles south of the premises, crossing through South London and linking the M4 and A4 at Gunnersbury in the west. Transport links are excellent, with Putney Station (Southwestern Railway) being just 0.5 miles southeast of the premises, offering regular access to and from Greater London, including Waterloo. Putney Bridge Underground (District Lines) is 0.6 miles north of the premises. The locality also benefits from regular bus services, including to Shepherd’s Bush and Baker Street.
Putney is an affluent residential suburb in southwest London. The vicinity benefits from a large variety of restaurants and popular national retail outlets on the nearby Putney High Street, including Boots, Lidl, Waitrose, Sports Direct, EE and H&M. Local attractions include the Putney Embankment on the River Thames which is occupied by multiple boat houses and small artisan street, and Wandsworth Park.
Description:
The premises are arranged over ground and basement floors of a mixed-use, three storey brick-built building. It occupies a prominent end of terrace corner position with return frontage. The premises has been recently refurbished and benefits from well-lit ground floor trading space, and ancillary storage, office, and WC facilities in the basement. The premises are fully let, trading as a hairdressers.
Accommodation:
FloorNet Internal Floor AreaGround 160 sq. ft. / 14.86 sq. m.Basement 130 sq. ft. / 12.07 sq. m.Total 290 sq. ft. / 26.94 sq. m.
User:
We believe the premises fall under Class E of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
Local Council:
London Borough of Wandsworth.
EPC:
The commercial premises has an EPC rating of B (49). A copy of the EPCs is available upon request.
Legal Fees:
Each party to bear its own legal costs.
Tenure:
The premises are held on a 125-year lease, beginning on 24th June 1991 and expiring on and including 23rd June 2116. Therefore approx. 93 Year remaining.
Tenancy:
The premises are let to Virgin Hair UK LTD Company number 14616552. The tenant has signed a FRI lease for a term of 10 years from 3rd November 2023 at an initial rent of£15,600 per annum. The first years rent has been paid in advance to the landlord and in addition there is a rent deposit of 6 months for the duration of the term. There is a tenant only break at the 5th anniversary of the term subject to 6 month prior written notice.
Ground Rent:
The ground rent payable is currently £150.00 per annum rising every 25 years, with the next increase to £300.00 per annum and then to £750.00 for the residual term.
Service Charge:
There is a service charge for the building and the commercial unit pays 25% of any outgoings to maintain the building. There is a provision for a reserve fund.
Price:
Offers in excess of £200,000 (two hundred and fifty thousand pounds). A purchase at this level will show a NIY of 7.7% after allowing for purchasers standard costs.
VAT:
The property is not elected for VAT.
AML:
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from any successful Purchaser.
Viewings:
By appointment only via landlord’s sole agent: Willmotts Chartered Surveyors.
Contacts:
Emily Bradshaw
M:[use Contact Agent Button]
E: [use Contact Agent Button]
Huseyin Zafer
M:[use Contact Agent Button]
E: [use Contact Agent Button]
Shahid Sadiq
M:[use Contact Agent Button]
E: [use Contact Agent Button]
Varol Zafer
M:[use Contact Agent Button]
E: [use Contact Agent Button]
Property information from this agent
About this agent
At Willmotts we pride ourselves in providing a first class service from start to finish. We have proven over 150 years of being an independent estate agent in West London that honesty and integrity is the key to success. That is why most of our business comes from in house clients and referrals. We are a member of the Guild of Professional Estate Agents, with over 750 offices nationwide and are the No.1 Independent Estate Agency Network so can give your property a huge amount of exposure. We are always looking to help and to go above and beyond to make sure our clients and customer get the service they deserve. We hope that by choosing Willmotts you will have chosen a property company that you want to deal with for the rest of your life. With very experienced and driven staff members, bespoke software, professional photographers, powerful marketing tools, high quality print advertising, subscriptions to all the major portals so we can show your property in the best light. We pride ourselves on being The Complete Property Service and will be able to help with whatever property needs you have. For a friendly chat about how Willmotts can help you or just to find about the market in your area please do not hesitate to contact us.