Location Miles: 1 mile south ofWestminster 3 miles south of London’sWest End
Rent £33,299.96 pa
BY ORDER OF THE TRUSTEES
Freehold Retail and Residential Investment
• Shop let to tenant trading as Mail Boxes Etc
• 3 bedroom maisonette let on an Assured Shorthold Tenancy (probable Possession Imminent)
• Within walking distance of Vauxhall stations and Oval Cricket Ground
• VAT- free investment and 30 Working Day Completion available
22 Roads: A3, A23, A202
Position The property is located on Kennington Lane 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
Total Commercial Area – (–) Net Internal Areas Tenant
48.30 sq m (520 sq ft) CENTRAL LONDON BUSINESS CENTRES LIMITED (1)
THREE INDIVIDUALS 48.30 sq m(520 sq ft)
(2) The tenants have served notice to vacate on 18th October 2011. (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 8th July 2008 with a rent review in 2013.
Assured Shorthold Tenancy for 1 year from 19th November 2010 (2)
Total Rent
Rent £ p.a. £12,500
£20,799.96 (3)
Description SHOP arranged on the ground floor only and a SELF-CONTAINED MAISONETTE on the first and second floors accessed from the front.
Tenure Freehold.
VAT is not applicable to this lot.
£33,299.96 (3)
(1) Trading as Mail Boxes Etc, who trade from over 120 outlets across the UK and Ireland. For the year to 12/10, Central London Business Centres Ltd reported a net worth of £1.57 million. (Source: One Source One-Stop Report and Company website: www.mbe.co.uk).