6a Frensham Drive, Putney Vale, London SW15 3EA
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 13 Commercial Investment – Gross Yield 10.9% 6 Week Completion Situation Located within this established parade of local traders all serving the surrounding residential area being only a short distance from the nearby recreational grounds of Wimbledon Common and Richmond Park . Putney Vale lies just off the A3 being approx. 7 miles south-west of central London. Property Forming part of a terraced parade comprising a Ground Floor Shop . Accommodation Ground Floor Shop Gross Frontage 15'5" Internal Width 14'11" Shop Depth 23'5" Built Depth 34'9" Separate Rear Store Area Approx. 63 sq ft VAT is NOT applicable to this Lot Tenure Leasehold for a term of 125 years from 3rd March 1992 (thus having approx. 91¼ years unexpired) at a peppercorn ground rent . Tenancy The property is let on a full repairing and insuring lease to T. Kumarasingham ( catering equipment supplies - see Note ) for a term of 16 years from 12th February 2024 at a current rent of £12,000 per annum exclusive rising to : £15,000 p.a. in 2028 £18,000 p.a. in 2032 £21,000 p.a. in 2036 There is a £6,000 Rent Deposit held. Note: The tenant also trades from both the Convenience Shop (No.10) and the Take-Away (No. 12) in this same parade.
