SW13 51 Barnes High Street, Barnes, London

Description & Accommodation

The property comprises a self-contained ground floor shop with rear store providing a main sales area of 577 sq ft 53.6 sq m; a rear ground floor store of 328 sq ft 30.5 sq m and an office of 30 sq ft 2.8 sq m

There is an upper maisonette which has been sold on a long lease

Tenancy

The shop is let to Lea & Sandeman Company Ltd on effectively full repairing and insuring lease for a term of 10 years from 30th May 2020, thus expiring on 29th May 2030, at a current rent of £35,750 per annum. Copy Lease available on request (please note that the lease does not contain provision for a rent review).

Lea & Sandeman Co Ltd is a wholesale and retail wine merchant established for nearly forty years with a turnover in most recent published accounts of £15.4 million and net assets of £3.58 million. The business currently operates from Kensington, Chelsea, Fulham, Chiswick and Barnes www.leaandsandeman.co.uk

Guide Price £570,000 to give a net initial yield of 6 % after usual purchase costs.

Legal Costs Each party to bear their own Energy Performance Certificate Rating 44 Band B

The property is prominently situated on the eastern side of Barnes High Street, immediately between Cook and Savills, close to Café Nero & M&S Food opposite. Barnes High Street is a sought-after neighbourhood centre with a good mix of both independent and multiple operators serving the affluent resident population of Barnes.