Commercial Retail & Office Agency, Commercial Property Management, Retail Investment Sales, Lease Renewals, Rent Reviews, Dilapidations, Energy Performance Certificates, Building Surveys,...
Address: , ,
Terms: Freehold Sale
Available: Immediately on completion of legal formalities
Use Class: Investment
The property is situated in a highly visible position on the West Side of Wandsworth Bridge Road at the junction with Narborough St and close to the Junction of Oakbury Road. The area is largely residential in nature, with the exception of a parade of retail properties in immediate proximity which includes a small number of independent shops, restaurants and cafes. The nearby residential population is extremely affluent and the property is well positioned to serve the catchment areas of Fulham, Putney and Wandsworth with tube, bus and over-ground stations being located within a moderate walk.
The property provides a Victorian brick and pitched slate roof corner building with ground floor retail accommodation, a large separate self-contained ground and basement floor office, and well fitted first and second floor flat. The residential element comprises a first floor sitting room & bedroom with half level kitchen and bathroom. The second floor provides a further bedroom with en-suite facilities and part front mansard.
FLOOR AREAS: The property extends to the following approximate floor areas:
Ground Floor Shop: 575 sq ft
Ground Floor Office: 367 sq ft
Lower Ground Floor Office: 422 sq ft
Residential Accommodation: 850 sq ft (Approx)
DEVELOPMENT: In is our belief that the property may provide the opportunity to extend over the rear office and possibly to convert the office accommodation to residential use, as there is evidence elsewhere in the proximity of similar units being granted the necessary consents. It may also be possible in time to replace a flank wall advertising hoarding which has recently been removed.
TENANCY: The Retail Shop is occupied by way of an assignment of the original Lease from 12/09/2011 for a period of ten years until 11/09/2021. At the end of the fifth year there is provision for a standard Open Market Upward Only rent review and the passing rent is £20,000 per annum. The flat is occupied by way of a standard Assured Shorthold Tenancy agreement at a passing rent of £1800 pcm. Details of which are available on request. The Offices will be provided with vacant possession.