Commercial property for sale in White Hart Lane, London SW13

Location
The property is situated on the western side of White Hart Lane close to its junction with Archway Street and The River Thames. It occupies a mid-terrace position in a parade of local retail shops comprising predominantly of independent boutiques and restaurant businesses. The property is 0.3 miles southwest of Barnes Bridge Station (Southwest Trains), offering regular access to and from Greater London, including Waterloo. Barnes is an affluent village like residential suburb in southwest London, just 9 miles southwest of Central London, and comprises the Barnes Village conservation area.

Description
The building comprises a mixed-use three-storey brick-built property under a pitched roof. The ground floor commercial unit fronting White Hart Lane comprises a retail unit which is let to a local firm of Estate Agents and has been recently fitted out in its corporate style. The property is rectangular in shape and affords a huge shop front.

User
We believe the premises fall under Class E and C3 Residential Dwellings of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020.

EPC

The commercial premises has an EPC rating of C (68). A copy of the EPCs are available upon request.

Tenure
999 years Leasehold, subject to the existing tenancy.

Accommodation & Tenancy Schedule
The property offers the following (NIA) approximate dimensions

Tenant - Sceon & Berne
Sq. Ft. - 323
Sq. M. - 30.30
Rent - £19,000 pax.
Start Date - 27/05/2022
Rent Review - 5 yearly
End Date - 26/05/2037
Comments - No breaks

The ground floor commercial premises have recent been assigned to Sceon & Berne at a passing rent of £19,000 per annum exclusive which commenced on 22nd July 2022. The lease is effectively full repairing and insuring for a term of 15 years from 27th May 2022, expiring on and including 26th May 2037. There is an upward-only rent review pattern to open market value every five years. There is a deposit equivalent to 3 months of the head-line rent (£4,750) that is protected and is held by the landlord for the duration of the term.

Terms
Offers invited in excess of £299,950 (Two hundred and ninety nine thousand, nine hundred and fifty pounds). A sale at this level shows a Net Initial Yield of 6.15% assuming purchasers standard costs of 3%.

Legal
Each party to bear their own legal costs.

Aml

In accordance with Anti-Money Laundering Regulations, 2 forms of identification & confirmation of the source of funding will be required from any successful Purchaser.

VAT

May be applicable