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Express Interest in this Property

Coral, Battersea, Greater London

507 Battersea Park Road, London, SW11 3BW

Basic Facts

Property ID: 15594 Post Updated: 2022-11-17 10:40:40
Status: Type:
Tenure: Freehold Area: 503 sq ft
Gross Rent: £ 10,420 Lease Term: 10 years from Mar '17
Lease Term Expiry Date: 27/03/27 Years left on Lease: 2.9
VAT applicable: No

Property Description

  • Freehold Betting shop and ground rent Investment in London.
  • The property comprising a 4 storey property with retail on ground floor and basement and 3 flats above (sold off).
  • Total floor area (ground and basement) of 503 sq ft

Location Description

  • The premises are in the Borough of Wandsworth on the southern side of Battersea Park Road (A3205)
  • The property enjoys a prominent corner position in the densely populated district of Battersea on the south side of Lavender Hill, which acts as the main thoroughfare through Battersea and leads north-east towards Vauxhall.
  • The property form’s part of a busy local retail parade with nearby occupiers including Tesco.

Tenancy and Additional Notes

  • Let Coral Racing Ltd bookmakers on an FRI lease for a term of 10 years from 28/3/2017 at a rent of £10,000 pa.
  • FLAT 1 Let for 125 years from 25/07/1984 – 1bed – ground rent £60 p.a
  • FLAT 2 Let for 125 years from 25/07/1984 – 1bed – ground rent £60 p.a
  • FLAT 3 Let for 125 years from 25/07/1984 – 1bed – ground rent £300 p.a
  • No VAT applicable.

Features

Blue-chip tenant
Ground Rent investment
No VAT applicable
Under £500k

Current Opportunities

Current Opportunity

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