Lease Term:
Let to HSBC Bank Plc for 15 years from 14/11/2007
VAT applicable:
No
Property Description
The Bank is arranged on the ground, basement, first and second floors of the building.
The ground floor comprises a banking hall with ancillary accommodation
The first floor is also operated as a banking hall whilst the second floor comprises offices
Location Description
The property occupies a prominent position on the north side of Lavender Hill at its junction with Mossbury Road, within a short walking distance of the shopping facilities of St John’s Road
It is approx. 200metres from Clapham Juction Railway Station.
This is a busy area of Clapham on Lavender Hill with nearby retailers such as Debenhams, JD Sport, Ladbrokes, Asda, Pizza Express, KFC and Halifax bank.
The London Borough of Wandsworth has a population of 260,000 residents, and is located 7 miles south of Central London
It benefits from excellent transport links to the capital both by rail (Victoria and Waterloo lines) and road (A3, A205, A3036).
Additional Notes
The property is held on a long lease of 99 years from June 1955 at a current rent of £170 p.a.
The property is held in a special purpose vehicle and therefore the whole company can be acquired to mitigate stamp duty