136 St John's Hill, Clapham, London SW11 1SL
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 1 Freehold Shop & Flat let to William Hill Organization – Gross Yield 8.6% In the same family ownership for over 41 years 6 week completion SITUATION Located on the north side of the A3036 St. John's Hill between its junction with Harbut Road and St John's Hill Grove, diagonally opposite Sainsbury's Local and amongst a variety of Caf's, Restaurants and local traders. The property is within a few minutes' walk from Clapham Junction Station (Mildmay, Windrush, South Western & Southern Lines). Clapham is a fashionable suburb of South London close to Balham and Battersea and approx. 5 miles from central London. PROPERTY A mid terrace building comprising a Ground Floor Shop with separate rear access from Harbut Road to a Large Self-Contained Flat on the first and second floors and a Basement . In addition, the property includes a Rear Garden . ACCOMMODATION Ground Floor Shop Gross Frontage 21'8" Internal Width 20'9" Shop Depth 20'5" Built Depth 33'4" Store Area Approx. 450 sq ft Ladies & Gents WCs Basement Not inspected First & Second Floor Flat 3 Bedrooms, Living Room, Kitchen, Bathroom, Sep WC GIA Approx. 1,380 sq ft VAT is NOT applicable to this Lot FREEHOLD TENANCY The entire property is let on a full repairing and insuring lease to William Hill Organization Limited as a Betting Shop (having approx. 2,300 branches) for a term of 3 years from 24th July 2020 at a current rent of £43,150 per annum exclusive (see Note 1) . Note 1: The lessees have been in occupation since at least 2008 and are now holding over and no notices have been served by either side. An informal discussion with William Hill has indicated that they would prefer to renew a lease of the ground floor and surrender the flat. Note 2: The flat is currently sub-let on an AST at a rental of £22,800 p.a. from 2021. Note 3: We understand that flats in this location are on the market at between £600 - £900 per sq ft. Note 4: William Hill also occupy No. 138 St John's Hill which intercommunicates with No. 136 at ground floor level, but this property does not form part of the sale.
