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LEASE ASSIGNMENT
Ground Floor 545ft² (50.6m²)
Basement 280ft² (26m²)
LOCATION: The property is situated on the south side of Hildreth Street, the Market Street in the heart of Balham town centre. The property is close to Sainsbury's, Waitrose, Caffé Nero and Pizza Express and is also in close proximity to the entrance to the new Hildreth Street Mews scheme which is a mixture of fully let commercial units along with a number of residential dwellings. Public transport is provided by Balham Mainline and Northern Line Underground Station.
DESCRIPTION: The property comprises a Class A1 unit arranged over ground floor and basement kitchen and storage area. The ground floor is open plan and trades as a coffee shop / deli and is in excellent decorative condition with stripped wood flooring, inset spotlighting and excellent natural light. The basement has the kitchen/prep area with some additional storage space. The premises also benefits from an external awning. The outside seating is by way of a Licence from Wandsworth Council.
ACCOMMODATION: The property comprises the following approximate areas and dimensions:-
Internal width (front) 14'6" (4.4m)
Shop depth (max) 37'7" (11.5m²)
Sales area 545ft² (50.6m²)
Basement storage area 280ft² (26m²)
Single WC/washroom (in basement area)
TENURE: The property is held on a full repairing and insuring lease for a term of 10 years from 1st June 2016 subject to rent reviews on each 4th anniversary of the term. The lease is in the name of a limited company with Personal Guarantors and a rent deposit.
RENT: £35,000 per annum exclusive paid monthly in advance.
PREMIUM OFFERS INVITED
BUSINESS RATES: London Borough of Wandsworth
Rateable Value (2017 list): £14,750.00
Rates Payable (2019/2020): £ 7,242.25
U.B.R. 2017/2020: 49.1p in the £
This information has been obtained verbally and we would advise interested parties to verify this with the appropriate rating authority.
LEGAL COSTS: The ingoing tenant to be responsible for both parties' reasonable legal costs, to include the landlords Licence to Assign costs.
VIEWING: Strictly by appointment through Sole Agents:
BELLS COMMERCIAL 020 7228 4405 Ref: SC
The Energy Performance Certificate has been commissioned and will be available on request
SUBJECT TO CONTRACT
PLEASE CHECK CURRENT STATUS AND AVAILABILITY PRIOR TO INCURRING ANY EXPENSE
Bells for themselves and for vendors or lessors of this property whose agents they are give notice that:
(i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract;
(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;
(iii) no person in the employment of Bells has any authority to make or give any representation or warranty whatever in relation to this property;
(iv) all applicants are advised to confirm prior to their appointment to view a property that it is still available and that all of the main details are unchanged.
Bells Commercial Limited are members of The Property Ombudsman Milford House 43-55 Milford Street Salisbury Wiltshire SP1 2BP www.tpos.co.uk 01722 335 458 Membership No. T01796 and operate an internal complaints procedure a copy of which is
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