Property Details

LEASE ASSIGNMENT
Ground Floor net internal area 1,525ft² (141.7m²)
First Floor net internal area 610ft² (56.6m²)

LOCATION: The property is situated on the north side of St John's Hill immediately at the junction with Plough Road and Strath Terrace. St John's Hill is becoming increasingly popular with bars and restaurants and benefits from a good surrounding residential catchment area with close proximity to transport links. Surrounding retailers include Topps Tiles Boutique, Chesterfields, Sash Windows London and Sainsbury's Local at Clapham Junction and St Johns Hill. Public transport is available from Clapham Junction mainline station.

DESCRIPTION: The property comprises a Class A1 retail unit predominantly arranged over ground floor with some ancillary sales space at 1st floor level. The property benefits from airconditioning as well as a fantastic prominent frontage with three large floor to ceiling height windows. The unit has high ceilings of approx. 11'6" (3.5M). There is a staff kitchen and single WC/washroom at 1st floor level. The interior of the property is in excellent decorative condition ready for a retailer to occupy.

ACCOMMODATION: The property comprises the following approximate areas and dimensions:-
Ground Floor-
Internal width (front) 84'0" (25.6m)
Internal area depth (max) 19'0" ( 5.8m)
Net area 1,525ft² ( 141.7m²)
Single WC/washroom

First floor 610ft² ( 56.6m²)

TENURE: The property is held on an effective full repairing and insuring for a term of 10 years from July 2014 subject to rent reviews on each 5th anniversary of the term in line with RPI with a minimum increase of 1.5% and maximum of 3.5% on the headline rent of £60,000 per annum exclusive.

RENT: Headline rent is £60,000 per annum exclusive but is currently discounted to £33,333 per annum exclusive until July 2019.

PREMIUM: Offers in the region of £30,000 for the benefit of the lease.

BUSINESS RATES: London Borough of Wandsworth
Rateable Value (2017 list): £29,750
Rates Payable (2017/2018): £ 1,110 pcm
U.B.R. 2017/2018: 46.6p 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 legal costs, to include the landlords reasonable Licence to Assign costs.

VIEWING: Strictly by appointment through Sole Agents:
BELLS COMMERCIAL 020 7228 4405 Ref SC

*An Energy Performance Certificate (EPC) has been commissioned*
SUBJECT TO CONTRACT. PLEASE CHECK AVAILABILITY.
BELLS COMMERCIAL AIM TO CARRY OUT ALL NEGOTIATIONS IN ACORDANCE WITH THE CODE OF PRACTICE FOR COMMERCIAL LEASES IN ENGLAND AND WALES. A COPY OF THE CODE IS AVAILABLE FROM OUR OFFICE.
Bells for themselves and for vendors or lessors of this property whose agents they are give notice that:
(i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract;
(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;
(iii) no person in the employment of Bells has any authority to make or give any representation or warranty whatever in relation to this property;