Shop for sale

Location:
The property is located on the northern side of Felsham Road at its junction with Weiss Road. It is situated within a small parade of local retail shops with residential uppers. The South Circular Road (A205) is 0.3 miles south of the premises, crossing through South London and linking the M4 and A4 at Gunnersbury in the west. Transport links are excellent, with Putney Station (Southwestern Railway) being just 0.5 miles southeast of the premises, offering regular access to and from Greater London, including Waterloo. Putney Bridge Underground (District Lines) is 0.6 miles north of the premises. The locality also benefits from regular bus services, including to Shepherd’s Bush and Baker Street.

Putney is an affluent residential suburb in southwest London. The vicinity benefits from a large variety of restaurants and popular national retail outlets on the nearby Putney High Street, including Boots, Lidl, Waitrose, Sports Direct, EE and H&M. Local attractions include the Putney Embankment on the River Thames which is occupied by multiple boat houses and small artisan street, and Wandsworth Park.

Description:
The premises are arranged over ground and basement floors of a mixed-use, three storey brick-built building. It occupies a prominent end of terrace corner position with return frontage. The premises has been recently refurbished and benefits from well-lit ground floor trading space, and ancillary storage, office, and WC facilities in the basement. The premises are fully let, trading as a hairdressers.

Accommodation:
FloorNet Internal Floor AreaGround  160 sq. ft. / 14.86 sq. m.Basement   130 sq. ft. / 12.07 sq. m.Total  290 sq. ft. / 26.94 sq. m.
User:
We believe the premises fall under Class E of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020.

Local Council:
London Borough of Wandsworth.

EPC:
The commercial premises has an EPC rating of B (49). A copy of the EPCs is available upon request.

Legal Fees:
Each party to bear its own legal costs.

Tenure:
The premises are held on a 125-year lease, beginning on 24th June 1991 and expiring on and including 23rd June 2116. Therefore approx. 93 Year remaining.

Tenancy:
The premises are let to Virgin Hair UK LTD Company number 14616552. The tenant has signed a FRI lease for a term of 10 years from 3rd November 2023 at an initial rent of£15,600 per annum. The first years rent has been paid in advance to the landlord and in addition there is a rent deposit of 6 months for the duration of the term. There is a tenant only break at the 5th anniversary of the term subject to 6 month prior written notice.

Ground Rent:
The ground rent payable is currently £150.00 per annum rising every 25 years, with the next increase to £300.00 per annum and then to £750.00 for the residual term.

Service Charge:
There is a service charge for the building and the commercial unit pays 25% of any outgoings to maintain the building. There is a provision for a reserve fund.

Price:
Offers in excess of £200,000 (two hundred and fifty thousand pounds). A purchase at this level will show a NIY of 7.7% after allowing for purchasers standard costs.

VAT:
The property is not elected for VAT.

AML:
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from any successful Purchaser.

Viewings:
By appointment only via landlord’s sole agent: Willmotts Chartered Surveyors.

Contacts:
Emily Bradshaw
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Huseyin Zafer
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Shahid Sadiq
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Varol Zafer
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