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Lot 1

Freehold Shop & Flat let to William Hill Organization – Gross Yield 8.6%
In the same family ownership for over 41 years
6 week completion

SITUATION

Located on the north side of the A3036 St. John's Hill between its junction with Harbut Road and St John's Hill Grove, diagonally opposite Sainsbury's Local and amongst a variety of Caf's, Restaurants and local traders. The property is within a few minutes' walk from Clapham Junction Station (Mildmay, Windrush, South Western & Southern Lines).
Clapham is a fashionable suburb of South London close to Balham and Battersea and approx. 5 miles from central London.

PROPERTY

A mid terrace building comprising a Ground Floor Shop with separate rear access from Harbut Road to a Large Self-Contained Flat on the first and second floors and a Basement.
In addition, the property includes a Rear Garden.

ACCOMMODATION

Ground Floor Shop
Gross Frontage	21'8"
Internal Width	20'9"
Shop Depth	20'5"
Built Depth	33'4"
Store Area	Approx. 450 sq ft
Ladies & Gents WCs
Basement
Not inspected
First & Second Floor Flat
3 Bedrooms, Living Room, Kitchen, Bathroom, Sep WC
GIA	Approx. 1,380 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to William Hill Organization Limited as a Betting Shop (having approx. 2,300 branches) for a term of 3 years from 24th July 2020 at a current rent of £43,150 per annum exclusive (see Note 1).

Note 1: The lessees have been in occupation since at least 2008 and are now holding over and no notices have been served by either side. An informal discussion with William Hill has indicated that they would prefer to renew a lease of the ground floor and surrender the flat.

Note 2: The flat is currently sub-let on an AST at a rental of £22,800 p.a. from 2021.

Note 3: We understand that flats in this location are on the market at between £600 - £900 per sq ft.

Note 4: William Hill also occupy No. 138 St John's Hill which intercommunicates with No. 136 at ground floor level, but this property does not form part of the sale.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

136 St John's Hill, Clapham, London SW11 1SL