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Property for sale

London Waterloo Hostel, Lambeth Walk, Lambeth, London

Removed £2,150,000

Property Description

Key features

  • For sale by auction
  • Building

Full description

Tenure: Freehold

TO BE SOLD BY PUBLIC AUCTION AS LOT 53 ON MONDAY 11 DEC 2017 - A large prominent and attractive mid terrace building arranged as hostel accommodation with approximately 101 bed spaces in convenient location near Waterloo Station, River Thames and West End tourist attractions - Investment let at £175,000 per annum

Tenure

Freehold.

Location


  • Situated on the south side of Lambeth Walk between, the junctions of Fitzalan Street and Walnut Tree Walk

  • Local shopping amenities and a selection of cafés, bars and restaurants are nearby

  • The major regeneration works along Nine Elms Lane, Vauxhall, including the new US Embassy and Battersea Power Station and at Elephant & Castle and the Shell Centre development are nearby

  • The entertainment and arts attractions including the National Theatre, Royal Festival Hall, South Bank Centre, London Eye and walkways along the River Thames are easily accessible

  • The City, West End, Houses of Parliament and St Thomas’ Hospital are also within easy reach


Tube: Lambeth Walk (Bakerloo Line), Waterloo (Jubilee, Northern, Waterloo and City Lines)


Rail: Waterloo

Description


  • A large prominent and attractive mid terrace period building arranged over basement, ground and second floors to provide dormitory style accommodation

Accommodation


  • Basement – Full Height Store/Work Rooms

  • Ground Floor – Large Communal Reception Room, Communal Kitchen/Dining Room, Room No. 11 (15 Beds), Room No. 12 (Private Triple Room), Room No. 13 (6 Beds), Two Showers, Two Separate WCs, Rear Enclosed Yard

  • First Floor – Room No. 1 (3 Beds), Room No. 2 (9 Beds with Separate WC), Room No. 3 – (12 Beds), Room No. 4 (13 Beds), Room No. 5 (3 Beds), Two Showers, Separate WC

  • Second Floor –Room No. 6 (3 Beds), Room No. 7 (7 Beds), Room No. 8 (12 Beds), Room No. 9 (12 Beds), Room No. 10 (3 Beds), Small Cleaners’ Cupboard

Tenancy

Let to Richard Gandy for a term of 20 years from 2nd July 2012 at a rent of £175,000 per annum. Rent reviews every 5 years. July 2017 rent review outstanding.

Total Current Rent Reserved £175,000 per annum with July 2017 rent review outstanding.Viewing. Please contact the Auctioneers, Savills on 020 7824 9091


Listing History

Added on Rightmove:
25 November 2017

Map & Street View

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