Virtual Freehold Shop Investment, Lambeth, SW8

Unit 8 St. George Wharf, Vauxhall, London, SW8 2LE

A retail unit in Vauxhall (SW8), leasehold. Allsop is selling it at auction on Wednesday 11 November, with a guide of £650,000 - £700,000. The auctioneer's listing says it comes with a tenant in place. The stated rent is £70,000 a year, about 10.8% gross on the guide.

Written by Lotwick from the key facts. For the full particulars, see Allsop's lot page.

From the auctioneer's description:tenantedStated rent £70,000 a year · 10.8% gross on the guide

Guide price

£650,000 - £700,000

18days

13hrs

12mins

40secs

Wed 11 NovAdd to calendar

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Status verified with Allsop 1 hour ago

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Location

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Lambeth, SW8. Indicative location. Sources

Estimated cost to winPrice, fees and Stamp duty (non-residential)£674,000See breakdown

Est. total£674,000

Price£650,000
Buyer's / admin fee£2,000
Stamp duty (non-residential) estimate£22,000
Legal pack and searches£0

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If you win at (£) You are Buyer's fee inc VAT (£) Legal pack (£)

Allsop's usual buyer's fees (Residential: £2,000 inc VAT (£300 under £10,000); commercial £1,500 + VAT). Check the lot's legal pack. Estimate only. How fees work