* Leasehold
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 £325, 000 (Three hundred and twenty - five thousand
pounds). A sale at this level shows a Net Initial Yield of 5. 58% assuming
purchasers standard costs of 3. 27%.
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