Lot 01
Auction
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13 Parkgate Road, Battersea, SW11 4NL

Auction
United Kingdom
Mixed Use
Commercial

The auction has ended

Final bid £681,000

Property Summary

  • Freehold retail and residential investment
  • Popular south west London suburb
  • Situated just off Battersea Bridge Road
  • Producing £22,400 per annum
  • On the instructions of James Liddiment and Paul Greenhalgh of Kroll Advisory Ltd acting as Joint Fixed Charge Receivers

Contact Us

Simon Bailey

Registered Surveyor, here to help.

Contact Us

Simon Bailey

Registered Surveyor, here to help.

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Addendum

We have been informed by the tenant that the first floor flat contains two bedrooms and not three as stated in the details. The auctioneers have not had access in order to verify the accommodation.

Property description

An end of terrace building of traditional construction beneath a flat roof. The building is arranged as a ground floor retail unit, currently trading as a coffee shop. At first floor level there is a three bedroom flat that has its own entrance from Radstock Street. The property may offer potential for further development, subject to obtaining the necessary consents (refer to the 'Planning' section).

Location

Battersea is a popular suburb of south west London lying about 3 miles south west of central London. It can be accessed via the A3220 (Battersea Bridge Road), A3031 (Albert Bridge Road) and A3216 (Queenstown Road), which link with the A3 to the south and from there the M25 at junction 10. The area is well served by numerous bus routes as well as rail services from Battersea Park and Queenstown Road providing regular services in to London Victoria and London Waterloo.

Parkgate Road runs east from Battersea Bridge Road through to Battersea Park, which is just a few minutes walk away. The property lies on the north side of the road adjacent to the new Ransome's Wharf residential development.

VAT

Please refer to Legal Documents

Tenancy Schedule

AddressFloorAccommodationTenancyRent per annum
TOTAL   £22,400
13GroundRetail 60.10 sq m (647 sq ft)Let for a term expiring 01/11/2023 (1)£12,000
13aFirstThree bedroom flatLet on a Residential Lease Agreement from 28/11/2020 until 28/07/2027£10,200

(1) There is a mutual break clause on 01/11/2021 subject to 60 days notice being served on 01/09/2021
The auctioneers have not inspected the first floor flat internally or measured the property. All floor areas have been obtained from www.tax.service.gov.uk


*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All interested parties must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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