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Property for sale
White Hart Lane, London, SW13
Property
322 sq ft / 30 sq m
Features and description
- Tenure: Leasehold (1000 years remaining)
Location
The property is situated on the western side of White Hart Lane close to its junction with Archway Street and The River Thames. It occupies a mid-terrace position in a parade of local retail shops comprising predominantly of independent boutiques and restaurant businesses. The property is 0.3 miles southwest of Barnes Bridge Station (Southwest Trains), offering regular access to and from Greater London, including Waterloo. Barnes is an affluent village like residential suburb in southwest London, just 9 miles southwest of Central London, and comprises the Barnes Village conservation area.
Description
The building comprises a mixed-use three-storey brick-built property under a pitched roof. The ground floor commercial unit fronting White Hart Lane comprises a retail unit which is let to a local firm of Estate Agents and has been recently fitted out in its corporate style. The property is rectangular in shape and affords a huge shop front.
User
We believe the premises fall under Class E and C3 Residential Dwellings of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
EPC
The commercial premises has an EPC rating of C (68). A copy of the EPCs are available upon request.
Tenure
999 years Leasehold, subject to the existing tenancy.
Accommodation & Tenancy Schedule
The property offers the following (NIA) approximate dimensions
Tenant - Sceon & Berne
Sq. ft. - 323
Sq. m. - 30.30
Rent - £19,000 pax.
Start Date - 27/05/2022
Rent Review - 5 yearly
End Date - 26/05/2037
Comments - No breaks
The ground floor commercial premises have recent been assigned to Sceon & Berne at a passing rent of £19,000 per annum exclusive which commenced on 22nd July 2022. The lease is effectively full repairing and insuring for a term of 15 years from 27th May 2022, expiring on and including 26th May 2037. There is an upward-only rent review pattern to open market value every five years. There is a deposit equivalent to 3 months of the head-line rent (£4,750) that is protected and is held by the landlord for the duration of the term.
Terms
Offers invited in excess of £299,950 (Two hundred and ninety nine thousand, nine hundred and fifty pounds). A sale at this level shows a Net Initial Yield of 6.15% assuming purchasers standard costs of 3%.
Legal
Each party to bear their own legal costs.
AML
In accordance with Anti-Money Laundering Regulations, 2 forms of identification & confirmation of the source of funding will be required from any successful Purchaser.
VAT
May be applicable
The property is situated on the western side of White Hart Lane close to its junction with Archway Street and The River Thames. It occupies a mid-terrace position in a parade of local retail shops comprising predominantly of independent boutiques and restaurant businesses. The property is 0.3 miles southwest of Barnes Bridge Station (Southwest Trains), offering regular access to and from Greater London, including Waterloo. Barnes is an affluent village like residential suburb in southwest London, just 9 miles southwest of Central London, and comprises the Barnes Village conservation area.
Description
The building comprises a mixed-use three-storey brick-built property under a pitched roof. The ground floor commercial unit fronting White Hart Lane comprises a retail unit which is let to a local firm of Estate Agents and has been recently fitted out in its corporate style. The property is rectangular in shape and affords a huge shop front.
User
We believe the premises fall under Class E and C3 Residential Dwellings of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
EPC
The commercial premises has an EPC rating of C (68). A copy of the EPCs are available upon request.
Tenure
999 years Leasehold, subject to the existing tenancy.
Accommodation & Tenancy Schedule
The property offers the following (NIA) approximate dimensions
Tenant - Sceon & Berne
Sq. ft. - 323
Sq. m. - 30.30
Rent - £19,000 pax.
Start Date - 27/05/2022
Rent Review - 5 yearly
End Date - 26/05/2037
Comments - No breaks
The ground floor commercial premises have recent been assigned to Sceon & Berne at a passing rent of £19,000 per annum exclusive which commenced on 22nd July 2022. The lease is effectively full repairing and insuring for a term of 15 years from 27th May 2022, expiring on and including 26th May 2037. There is an upward-only rent review pattern to open market value every five years. There is a deposit equivalent to 3 months of the head-line rent (£4,750) that is protected and is held by the landlord for the duration of the term.
Terms
Offers invited in excess of £299,950 (Two hundred and ninety nine thousand, nine hundred and fifty pounds). A sale at this level shows a Net Initial Yield of 6.15% assuming purchasers standard costs of 3%.
Legal
Each party to bear their own legal costs.
AML
In accordance with Anti-Money Laundering Regulations, 2 forms of identification & confirmation of the source of funding will be required from any successful Purchaser.
VAT
May be applicable
Property information from this agent
About this agent
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Willmotts Property Services - Commercial
Willmott House, 12 Blacks Road
Hammersmith
W6 9EU
020 8033 7482At 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 th... Show more
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 th... Show more