The Glass House, 11- 12 Lettice Street, Parsons Green, London, SW6 4EH

Interested parties should contact Knight Frank Auctions for further information.

Description
First time on the market in over 29 years
Prominent Freehold in Parson Green, SW6
Approx. 3,854 sq ft
Close to Parsons Green Underground Station
Asset management & alternative use potential (subject to consents)
4 miles southwest of the West End

DESCRIPTION

This Grade II Listed property is arranged on ground, first and mezzanine floors effectively providing 4 Units compromising offices, consulting rooms together with staff/ storage accommodation. The ground floor units 1 & 2 benefit from an outside terraced area at the rear. Unit 2 has a separate entrance from Lettice Street. There is a self contained ground floor only store which can also be accessed via Unit 1.

There is an element of flying freehold (shown blue on the site plan)

Floor Areas (NIA)
Ground Floor - 155 sq m (1,668 sq ft)
First Floor - 157 sq m (1,690 sq ft)
Mezzanine Floor - 35 sq m (378 sq ft)
Ground Floor Store - 11 sq m (118 sq ft)

Total - 359 sq m (3,854 sq ft)

TENURE
Freehold
Flying Freehold - The ground floor store (11 sq m (118 sq ft)) the area above at first floor, is not included in the sale.

TENANCY

Let to 4 tenants, with a total rent of £97,316 per annum (exclusive).
Please see Tenancy Schedule - Please contact peter.

PLANNING
The property may benefit from alternative uses/ development potential, subject to all necessary permissions and consents.

EPC RATING
see Legal Pack

Location
The property is in Parsons Green, 4 miles southwest of London's West End, mile from Fulham Broadway to the northeast and mile from Putney Bridge to the southeast.
The Property is in a predominately residential suburb, 250 metres west of Parsons Green Underground station (District Line) providing services to Westminster within 20 minutes.
Fulham Road (A304) 150 metres to the north, which in turn connects to Fulham Palace Road connecting to Hammersmith and the A4/M4, within 1.5 miles to the north.
New Kings Road (A308) is 300 metres to the south, via Munster Road.
Close by on Fulham Road include Tesco, Greggs and a number of boutique local/national retailers.
The property is situated on Lettice Street close to its junction with Crookham Road.

Occupancy
Tenanted

Tenure
Freehold

Buyers Fee
The buyers fee is £1950 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 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.