GROUND FLOOR RETAIL SHOP LEASE ASSIGNEMENT **NO PREMIUM** Approx. 430ft² (39.9m²) LOCATION: Northcote Road is one of south London's most popular retail and restaurant destinations and is situated within a high value residential area between Clapham Common and Wandsworth Common. Surrounding traders include Farrow and Ball, Petit Bateau, Northcote Road antiques market and the unit is close to Northcote public library. Clapham Junction town centre and mainline railway station is 10 minutes' walk. The property is situated on the east side of Northcote Road between Chatham Road and Bramfield Road. DESCRIPTION: The property comprises a Class A1 Retail unit arranged over ground floor. The unit has an open plan layout with a wood effect laminate floor, suspended ceiling with inset spotlighting as well as a character shop front and electric external security shutter. There is a WC/washroom on the half-landing on residential stairwell which is accessed via the residential ground floor entrance. ACCOMMODATION: The property comprises the following approximate areas and dimensions:- Internal width 12'8" 3.86m Internal depth 33'6" 10.21m Net internal area 430ft² 39.9m² TENURE: The shop is let on a Lease dated 22 December 2014 to Northcote Music Limited for a term of 8 years from 17 August 2013 at a rent of £27,500 p.a. There is potential to extend the lease beyond 2021 subject to negotiation with the landlord. BUSINESS RATES: London Borough of Wandsworth Rateable Value (2017 list): £31,500 Rates Payable (2019/2020): £15,466.50 UBR for 2019/2020 49.1p in the £ This information has been obtained verbally and we would advise interested parties to verify this with the appropriate rating authority. VIEWING: Strictly by appointment through Sole Agents: BELLS COMMERCIAL 020 7228 4405 REF: SC