Property Details
5-6 Balham Station Road, London, SW12
£22,500 pa
The property is situated in the heart of Balham's retail centre on Balham Station Road immediately opposite Balham mainline and northern line underground station as well being immediately adjacent to the busy entrance to Sainsbury's car park and close to the junction with Balham High Road and Chestnut Grove. Surrounding retailers and restaurants include Barclays Bank, Cattle Grid, Pizza Express, Starbucks and Sainsburys.
DESCRIPTION: The property comprises an extremely prominent double fronted Class A3 Use unit. The premises has an open plan seating area with small rear kitchen, rear wash/preparation area and a single WC/washroom. The unit benefits from stripped wood flooring, directional spotlighting, wall mounted airconditioning as well as two external canopies.
The property benefits from a Premises Licence which will need to be transferred simultaneously at the time of a lease assignment.
ACCOMMODATION: The property comprises the following approximate areas and dimensions:-
Internal width 26'8" ( 8.2m)
Shop depth (max) 28'3" ( 8.6m)
Approx. area 815ft² (75.7m²)
Kitchen
Single WC/washroom
TENURE: The property is held on an effective full repairing and insuring lease which was extended from December 2013 for a period of 10 years subject to upwards only rent reviews on each 5th anniversary of the term.
RENT: Current rent is £22,500 per annum exclusive rising to £25,000 per annum exclusive in June 2015 until the next rent review in January 2018.
PREMIUM: Offers in the region of £50,000 for the benefit of the lease.
BUSINESS RATES: London Borough of Wandsworth
Rateable Value (2010 list): £22,500
Rates Payable (2013/2014): £10,597.50
U.B.R. 2013/2014: 45.8p in the £
This information has been obtained verbally and we would advise interested parties to verify this with the appropriate rating authority.
LEGAL COSTS: The ingoing tenant to be responsible for both parties reasonable for both parties reasonable legal costs, to include the landlord's Licence to Assign costs.
DECLARATION OF We confirm that the landlord is Bestyear Ltd and Mr R A Brown
INTEREST: is a director of Bestyear Ltd and the letting agents Bells Commercial Ltd
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
