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1-7 Voltaire Road, Clapham, SW4 6DQ

  • Auction
  • Lot -
  • United Kingdom
  • Mixed Use
  • Commercial

*GUIDE PRICE £2,600,000

Property Summary

  • Freehold mixed use investment in affluent south west London suburb
  • Three retail units (one double unit)
  • 4 flats let on ASTs; 22 flats sold off on long leases
  • Total combined current rent £188,420 per annum

Contact Us

Oliver Childs
Oliver Childs
Property Agent, here to help.
Oliver.Childs@bidx1.com
Legal Contact
Jerome Shapiro
Vendor's Solicitor
js152695@web-ppt.bidx1.com

Contact Us

Oliver Childs
Oliver Childs
Property Agent, here to help.
Oliver.Childs@bidx1.com
Legal Contact
Jerome Shapiro
Vendor's Solicitor
js152695@web-ppt.bidx1.com

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Description

The property comprises a substantial mixed use building arranged as three adjoining ground floor retail units trading as a wine bar, hairdresser and a double fronted restaurant respectively, together with 26 self-contained flats (22 sold off on long leases; 4 let on ASTs) over ground - fourth floors.

Location

The property is situated on the west side of Voltaire Road, just to the north of Clapham High Street (A3) and amongst multiple traders including Sainsbury's Local, Nando's, McDonalds as well as other established traders. Clapham High Street overground station is opposite the property and Clapham North underground station (Northern line) is also easily accessible.  The open spaces of Clapham Common are within easy reach.

Tenure

Freehold

Property Table

UnitAccommodationTenantTenancyRent Per Annum
Unit 1, 1-7 Voltaire RoadRetail 35.90 sq m (386 sq ft)
Staff WCs		D Vine Cellars Ltd (t/a Dvine Cellars) (in occupation since 2015)15 years from 21/02/2019 (5 yearly reviews)£24,000
Unit 2, 1-7 Voltaire RoadRetail 28.10 sq m (302 sq ft)
Staff WCs		Haemn Rostam (t/a Rosh Barber) (in occupation since 2017)15 years from 28/09/2018 (5 yearly reviews)£17,500
Unit 3, 1-7 Voltaire RoadSales 127.02 sq m (1,367 sq ft)
Kitchen 40.52 (436 sq ft)
Office/store/WC 22.13 sq m (238 sq ft)		Ken Sam (t/a Tsunami Restaurant) (in occupation since 2001)25 years from 20/07/2001 (5 yearly reviews)£85,000
Flat 7, 1-3 Voltaire RoadResidential (1 x flat) - not inspectedIndividual125 years from completion£150
Flat 8, 1-3 Voltaire RoadResidential (1 x flat) - not inspectedIndividual125 years from completion£150
Flats 1-6, 1-3 Voltaire RoadResidential (6 x flats) - not inspectedIndividuals125 years from 08/10/1999£900
Flat 6, 4-7 Voltaire RoadTwo bedroom flatIndividualsAST dated 03/12/2016 (Holding over)£17,400
Flat 16, 4-7 Voltaire RoadOne bedroom flatIndividualsAST dated 12/07/2018 (Holding over)£13,800
Flat 17, 4-7 Voltaire RoadOne bedroom flatIndividualsAST dated 23/06/2010 (Holding over)£11,520
Flat 18, 4-7 Voltaire RoadTwo bedroom flatIndividualsAST dated 19/01/2019£16,200
Flats 1-5, 7, & 8-15, 4-7 Voltaire RoadResidential (14 x flats) - not inspectedIndividuals125 years from 08/10/1999£2,100

Note: The sale will be subject to serving the appropriate Section 5 Housing Act notices.

 

VAT

Please refer to Legal Documents

Buyer's Fee

A Buyer's Fee of £10 (inclusive of VAT) is applicable to the successful purchaser of this lot. If you have not made the successful bid for the property, the Buyer's Fee will be refunded to you.

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*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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