For Sale By Auction | 12.00, 09 May 2019 | Lot 89

64 Brixton Road, Brixton, London, SW9 6BP

Sold £200,000

  • Retail Property (high street)
  • Tenure: Long Leasehold. The property is held on a 999 year lease from 18th December 2015 (thus approximately 995 years unexpired).

Call the team on 020 7625 9007 for more information

Auction Date

Thu 09/05/2019

Auction Time

12.00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

A Well Located Ground Floor & Basement Lock-Up Shop Let on a 10 Year FRI Lease Producing £16,500 per annum.

The property occupies a prominent corner position within an established parade of shops on the main high street with return frontage on Crewdson Road. The property is arranged as a ground and lower ground floor lock-up shop measuring approximately 59 sq m (640 sq ft).

Tenure

Long Leasehold. The property is held on a 999 year lease from 18th December 2015 (thus approximately 995 years unexpired).

Location

The property is situated in the in the South West London area of Brixton amongst local shops and amenities. As well as numerous local established traders, nearby multiples include William Hill and The Post Office. Transport links are provided by Oval underground station (Northern line).

Accommodation

Lower Ground Floor Basement Room Ground Floor Shop Area

Tenancy

The property is let on an FRI Lease for a term of 10 years commencing 28th September 2018 at a rent of £4,125 quarterly. Rent reviews every five years.

Current Rent Reserved

Current Rent Reserved £16,500 per annum

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.