Lot 07
Auction
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29 & 31 Queenstown Road, Battersea, SW8 3RE

Auction
United Kingdom
Mixed Use
Commercial

The auction has ended

Final bid £21,000

Property Summary

  • Two adjoining freehold retail and residential buildings
  • Arranged as two retail units and six flats
  • Asset management opportunities
  • Producing £96,000 per annum (plus two vacant flats) 
  • 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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Property description

Two adjoining terraced buildings (one end of terrace) of traditional construction beneath a mansard roof arranged as two ground floor retail units and six self contained flats. The flats are accessed from the rear with the top floor flat (29-31c) benefitting from a large roof terrace.

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), A3205 (Battersea Park 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 Wandsworth Road, Battersea Park and Queenstown Road railway stations providing regular services in to London Victoria and London Waterloo.
The property commands a prominent corner position on the west side of Queenstown Road and forms part of an established retail parade. As well as numerous independent retailers nearby occupiers include Sainsbury's Local, Tesco Express, Ladbrokes and Caffe Nero.

VAT

Please refer to Legal Documents

Tenancy Schedule

AddressFloorAccommodationTenancyRent per annum
TOTAL   £96,000
29GroundRetail/ancillary 66.37 sq m (714 sq ft)Let for a term of 5 years from 01/03/2019£15,000
29aFirst3 bedroom flat 58.71 sq m (632 sq ft)Let for a term of 3 years from 04/01/2021£15,600
29bSecond3 bedroom flatAST£20,400 (1)
29c (known as 31 ground floor rear)Ground1 bedroom flatVacant£0
31GroundRetail/ancillary 39.55 sq m (426 sq ft)Let for a term of 10 years from 15/12/2020£9,000
31aFirst2 bedroom flatAST£18,000 (2)
31bSecond2 bedroom flatAST£18,000
29-31cThird3 bedroom flat with roof terraceVacant£0

(1) The contracted rent is £25,200 but the rent quoted in the table above is a concessionary rent
(2) Rent is inclusive of bills


*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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