£495,000

Retail premises for sale

  1.  Costar 2.Jpg
  2.  Grd 1.Jpg
  3.  Grd 2.Jpg
Freehold

Offers in region of

£495,000

(£498.99/sq. ft)

Retail premises for sale

377-379 Kennington Lane, London SE11

992 sq. ft

Local area information

Property location

Nearby amenities

  • Lilian Baylis Technology School 0 miles
  • St Anne's Catholic Primary School 0.1 miles
  • Vauxhall 0.1 miles
  • Vauxhall 0.2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Vauxhall, Bostall Heath And Woods and Lambeth to find out more about the local area.

Features and description

  • Freehold
  • Gas central heating
  • Cooling cassette in front ground floor
  • Spotlighing
  • Double frontage
  • Rear yard/parking area
  • Upper parts sold on long leaseholds
  • Estimated Rates Payable: £8292128
Description

Comprises an end of terrace building with double frontage commercial unit over ground floor and basement and two separately accessed split level flats above (sold on long leaseholds).

The ground floor provides a main open plan space with small raised rear part and meeting room, whilst the basement is arranged with two ancillary rooms plus kitchen and two w.c.s at the rear. The floors are interconnected by an internal stair at the rear. There is also a rear yard providing parking spaces, accessed from Harleyford Road.

Ground Floor : 547 sq ft (50.8 sqm)
Basement : 445 sq ft (41.3 sqm)
Overall Total : 992 sq ft (92.1 sqm)

The commercial space was most recently an estate agents office but potential for alternative uses under Use Class E. Current tenant relocating so suitable for owner/occupiers or investors.

Location

Located at the south west end of Kennington Lane, the premises occupy a prominent position in this busy local shopping area serving the surrounding residential and commercial locality, less than 150 metres from Vauxhall mainline, Underground and bus stations.

The wider area has and continues to undergo extensive residential and commercial redevelopment including the high profile schemes on Bondway, Nine Elms Lane and New Covent Garden, all situated just to the south and west of the property.

Terms

Held freehold under two titles 431791 and 431792. The upper parts are both on 125 year leaseholds from September 2000 with ground rents of £200 per annum each from September 2025 (increasing by £50 per annum every 25 years thereafter).
Proposal


The freehold is offered for sale with vacant possession of the commercial parts and subject the leaseholds of the upper floors.

Offers in the region of £495,000.

Specifications

Amenities (commercial)

• Gas central heating
• Cooling cassette in front ground floor
• Spotlighting
• Double frontage
• Rear yard/parking area

Floor plans and tours

Floor plans (1)

1 floor plan available

View the floor plan to understand the space and layout of this property.

More information

Report this listing

Property descriptions and related information displayed on this page are marketing materials provided by - Field & Sons. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Field & Sons for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. London
  4. South London
  5. Kennington
  6. Kennington Lane