377-379 Kennington Lane, London, SE11 5QY

Description
Comprises an end of terrace building with double frontage commercial unit over ground floor and basement and two separately accessed split level flats above (sold on long leaseholds).

The ground floor provides a main open plan space with small raised rear part and meeting room, whilst the basement is arranged with two ancillary rooms plus kitchen and two w.c.s at the rear. The floors are interconnected by an internal stair at the rear. There is also a rear yard providing parking spaces, accessed from Harleyford Road.

Ground Floor : 547 sq ft (50.8 sqm)
Basement : 445 sq ft (41.3 sqm)
Overall Total : 992 sq ft (92.1 sqm)

The commercial space was most recently an estate agents office but potential for alternative uses under Use Class E. Current tenant relocating so suitable for owner/occupiers or investors.

Location
Located at the south west end of Kennington Lane, the premises occupy a prominent position in this busy local shopping area serving the surrounding residential and commercial locality, less than 150 metres from Vauxhall mainline, Underground and bus stations.

The wider area has and continues to undergo extensive residential and commercial redevelopment including the high profile schemes on Bondway, Nine Elms Lane and New Covent Garden, all situated just to the south and west of the property.

Terms
Held freehold under two titles 431791 and 431792. The upper parts are both on 125 year leaseholds from September 2000 with ground rents of £200 per annum each from September 2025 (increasing by £50 per annum every 25 years thereafter).

PROPOSAL

The freehold is offered for sale with vacant possession of the commercial parts and subject the leaseholds of the upper floors.

Offers in the region of £495,000.

Specifications
AMENITIES (COMMERCIAL)

• Gas central heating
• Cooling cassette in front ground floor
• Spotlighting
• Double frontage
• Rear yard/parking area