Location Miles: 1 mile south ofWestminster 3 miles south of London’sWest End
Roads: A3, A23, A202
Position The property is located in a popular residential and commercial area 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
Residential – comprising Three Bedrooms, Lounge/ Kitchen, Bathroom/WC and Separate WC
– (–) Net Internal Areas Tenant
78.50 sq m (845 sq ft) B HAQUE (t/a The Coriander Indian Restaurant)
FOUR INDIVIDUALS (2) Total Commercial Area 78.50 sq m (845 sq ft) Term
15 years from 25th December 1999 with fixed rental increases in 2012 to £14,000 pa and 2013 to £15,000 pa
Statutory Periodic Tenancy from 1st June 2007
Total Rent
(2) We understand that the tenants have indicated verbally that they intend to vacate in December 2011 but have not served notice. (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.
Rent £ p.a. £13,000 (1)
Description RESTAURANT arranged on the ground floor and a SELF-CONTAINED MAISONETTE on the first and second floors, accessed from the front.
Tenure Freehold.
VAT is not applicable to this lot.
Rent £30,640 pa BY ORDER OF THE TRUSTEES
Freehold Retail and Residential Investment
• Restaurant let to tenant trading as The Coriander (Indian Restaurant) with fixed rental increases to £14,000 pa in 2012 and £15,000 pa in 2013
£17,640 (3)
• 3 bedroom maisonette let on a Statutory Periodic Tenancy (possible Possession Imminent)
• Within walking distance of Vauxhall stations and Oval Cricket Ground
£30,640 (3)
(1) The current rent in the lease is £12,000 pa but increases to £13,000 pa on 25th December 2011. The Vendor has agreed to ‘top-up’ the rent to £13,000 pa from completion up until 25th December 2011 – please see Special Conditions of Sale.
• VAT- free investment and 30 Working Day Completion available