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Property
Features and description
- A freehold building arranged as a ground and basement shop together with self-contained flat (sold off).
- To be offered by Knight Frank Aucitons on 30th October.
- Located in the heart of Pimlico.
- Fireaway pizza is a franchise operating from 150 locations throughout the UK.
Interested parties should contact Knight Frank Auctions for further information.
Description
A freehold mid-terrace building arranged over basement, ground and one upper floor. The basement and ground is retail accommodation benefiting from restaurant use whilst the upper floor is a self-contained flat which has been sold off on a long lease.
Ground & Basement - Restaurant
Subject to a lease for a term of 15 years from 1 Jan 2022 at a current rent of £60,000pa. Rent reviews are 5 yearly and the lease is Effectively FR&I. No break.
First Floor - Residential
Subject to a Long Lease for a term of 999 years from completion at a peppercorn ground rent.
Fireaway pizza is a franchise operating from 150+ locations throughout the UK but with a weighting in London. Its focus is on fresh, quality ingredients sourced from the UK and Italy and cooked fast.
Location
Wilton Road is located in the heart of Pimlico. Situated on the main thoroughfare the retail unit benefits from a healthy footfall and a dense concentration of surrounding residences.
Transport links provided by Victoria train and underground station (District, Central and Victoria Lines).
Occupancy
Tenanted
Buyers Fee
The buyers fee is £1500 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.
Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:
• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Description
A freehold mid-terrace building arranged over basement, ground and one upper floor. The basement and ground is retail accommodation benefiting from restaurant use whilst the upper floor is a self-contained flat which has been sold off on a long lease.
Ground & Basement - Restaurant
Subject to a lease for a term of 15 years from 1 Jan 2022 at a current rent of £60,000pa. Rent reviews are 5 yearly and the lease is Effectively FR&I. No break.
First Floor - Residential
Subject to a Long Lease for a term of 999 years from completion at a peppercorn ground rent.
Fireaway pizza is a franchise operating from 150+ locations throughout the UK but with a weighting in London. Its focus is on fresh, quality ingredients sourced from the UK and Italy and cooked fast.
Location
Wilton Road is located in the heart of Pimlico. Situated on the main thoroughfare the retail unit benefits from a healthy footfall and a dense concentration of surrounding residences.
Transport links provided by Victoria train and underground station (District, Central and Victoria Lines).
Occupancy
Tenanted
Buyers Fee
The buyers fee is £1500 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.
Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:
• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
About this agent
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