6a Frensham Drive, Putney Vale, London, SW15 3EA
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- FOR SALE BY AUCTION ON THURSDAY 30TH OCTOBER 2025 (UNLESS SOLD PRIOR).
- Producing £12,000 per annum and rising (see brochure)
- Gross Yield 10.9%
- Ground Floor Shop and Separate Rear Store
Description
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"
WC
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 1: The tenant also trades from both the Convenience Shop (No.10) and the Take-Away (No. 12) in this same parade.
Note 2: 6 week completion
Brochures
6a Frensham Drive, Putney Vale, London, SW15 3EA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Southfields Station1.8 miles
- Wimbledon Park Station2.0 miles
- Wimbledon Station2.1 miles
Notes
Disclaimer - Property reference PutneyVale. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Barnett Ross, Barnett Ross. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
Map data ©OpenStreetMap contributors.