397 Walworth Road, Walworth, London SE17 2AW
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 14 Click here for addendum Retail Investment - Gross Yield 10.3% 6 Week Completion Situation Occupying a prominent position on the main A215 Walworth Road, close to the corner of Arnside Street. The busy ‘East Street Market' is on the same side of the road and the property is amongst such multiples as Tesco Express , Superdrug , Santander , McDonald's , Iceland , Cake Box , Screwfix , The Gym Group , Betfred , Poundstretcher and many more. Elephant & Castle Station (Thameslink, Northern and Bakerloo Lines) and Kennington Station (Northern Line) are both within easy walking distance and 11 bus routes pass the door. In addition, Westminster lies approx. 2 miles to the north. Property Forming part of a mid terraced building comprising a Ground Floor Shop and Basement . Accommodation Ground Floor Shop Gross Frontage 20'1" Internal Width 14'5" Shop Depth 48'6" Built Depth 68'5" Sales Area Approx. 680 sq ft Storage Area Approx. 200 sq ft WC Basement Area Approx. 395 sq ft VAT is NOT applicable to this Lot Tenure Leasehold for a term of 870 years from completion at a peppercorn ground rent. Tenancy The property is let on a full repairing and insuring lease by way of service charge to M&H Investments as a Furniture Shop for a term of 10 years from 3rd February 2025 (excl. s.24-28 of L&T Act 1954) at a current rent of £26,750 per annum exclusive. Rent Review & Mutual Break 2030. There is a 4 month Rent Deposit held.
