Location Miles: 1 mile south ofWestminster 3 miles south of London’sWest End
Roads: A3, A23, A202 Rent £43,300 pa BY ORDER OF THE TRUSTEES
Freehold Retail and Residential Investment
• Betting Office let to William Hill until 2015
• 4 bedroom maisonette let on an Assured Shorthold Tenancy
• Within walking distance of Vauxhall mainline and underground stations and Oval Cricket Ground
• VAT- free investment and 30 Working Day Completion available
20
Position The property is located on Kennington Lane, close to its station with Tyers Street, in a popular residential and commercial position close to Vauxhall Cross and close to the River Thames
Nearby: Vauxhall Underground (Victoria Line) and mainline rail stations as well as the Oval Underground (Northern Line), Lilian Bayliss Technology School, the Oval Cricket Ground and Tesco
Present Accommodation (approximate areas) Floor
Accommodation
Ground Basement
First/ Second
Betting Office/Ancillary Ancillary
Residential – comprises Four Bedrooms, Lounge/Kitchen/Diner, Bathroom/WC, Shower/WC and Outdoor Terrace
Total Commercial Area
81.75 sq m 13.47 sq m
– Net Internal Areas Tenant
(880 sq ft) (145 sq ft)
(–)
WILLIAM HILL ORGANIZATION LIMITED (1)
FOUR INDIVIDUALS 95.22 sq m(1,025 sq ft)
(2) There is a tenant’s option to break on 28th September 2015. (3) Annual equivalent rent.
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Davies Murray-White. t: (01789) 295544. e: jdavies@daviesmurraywhite.co.uk Ref: J Davies Esq. Joint Auctioneers Chapman Petrie. t: 0207 518 9118. e: abromfield@chapman-petrie.co.uk Ref: A Bromfield Esq.
Term
10 years from 29th September 2010 (2) with a rent review in 2015
Assured Shorthold Tenancy for 1 year from 1st October 2010
Total Rent
Rent £ p.a. £16,900
Description BETTING OFFICE arranged on the ground floor and basement and a SELF-CONTAINED MAISONETTE arranged on the first and second floors accessed from the front.
Tenure Freehold.
VAT is not applicable to this lot.
£26,400 (3)
£43,300 (3)
(1) William Hill are the UK’s leading bookmakers, trading from some 2,370 shops throughout the UK. For the year to 12/10, they reported a turnover of £14.56 billion, pre-tax profits of £254 million and total shareholders’ funds of £158.2 million. (Source: One Source One-Stop Report and www.williamhillplc.com)