Comprising a substantial freehold building arranged over basement, ground and 3 upper floors. The ground floor is let on a full repairing and insuring lease to Chancellors Estate Agents (57 branches). The upper part which is accessed from the front of the property comprises 3 self contained 1 bedroom flats, each let on AST’s. The freehold is offered with the benefit of the income as per the attached schedule.
Shop and Basement let to Chancellors Group of Estates Agents Ltd for a term of 10 years from 12th August 2020 at £23,000 per annum, with a rent review in the 5th year (12th August 2025).
Flat 1 (First floor) – Let on a Assured Shorthold Tenancy from 22nd June 2021 to 21st June 2024 at £1,020 pcm with annual increases between 2% & 6% on the first May 2022 and 1st May 2023.
Ground floor newly created premises in a great position virtually opposite Wimbledon Network Rail Station. Let to franchise F45 Gyms on a 10 year lease from 2020 at £62,000 pa. There is an upward only rent review in the 5th year of the term. £850,000 sought for the investment. The property is elected for VAT.
Hairdresser/retail shop in busy location – lock-up shop arranged over ground floor and basement with good natural light from the rear of the ground floor. The premises are currently operating as a hairdresser and beauty business, but suitable for a variety of other trades such as retail, office, catering etc.
We are offering the premises with full fixtures and fittings as a hairdressers with premium, or as an empty shop without premium. Alternatively the long leasehold interest of the ground and the basement is also available.
Viewing strictly by appointment via sole agents Claridges.
Freehold industrial investment for sale – comprising 4 industrial units constructed in the 1970s, which are all let on full repairing and insuring leases as per the tenancy schedule on marketing particulars. Constructed of steel portal frame beneath a pitched steel clad roof with part profile metal clad/part brick elevations. The units benefit from the following specification:-
- Full height level access electronically operated loading doors
- Hardstanding loading area to the front of each unit
The site extends to 0.28 acres 0.11 hectares) providing a site coverage of 92%.
Multi let to four tenants generating a total rental income of £128,500 per annum, reflecting a low average rent of £11.35 per sq ft.
Attractive AWULT of 3.2 years to expiry.
Opportunities to add substantial value by exploring lease re-gears/rental growth.
Prime rents now stand in excess of £27 per sq ft in North London and are projected to continue on an upward trajectory, largely due to a lack of supply of quality industrial stock.
The COVID-19 pandemic has highlighted how vital the industrial sector is to end consumers and supply chains. Industrial has remained resilient throughout the last 12 months, largely down to surges in e-commerce
Freehold shop & upper part for sale – comprising a deceptively large shop which is available as a whole ground floor area together with extremely large rear yard which could be redeveloped (subject to the necessary consents).
The premises was formerly used as a restaurant/bar and we understand that the planners would prefer this use to be retained. However, interested parties should make their own enquiries as to future planning uses.
The upper part is sold off on a long lease of 125 years from 2022 at £300 pa ground rent until 2047, rising to £600 pa until 2071 and then £999 pa for the remainder of the lease.
Substantial former bar – investment & development opportunity – comprising a substantial deceptively deep building arranged over ground and first floor plus rear yard, outbuildings and large car park entered via an access road adjacent to the property.
The premises would suit re-development, however, the Local Authority would like a food and beverage establishment to remain on site in part of the building. This could be a small restaurant or bar to the front of the ground floor, allowing the remainder of the ground floor, upper part and rear yard to be redeveloped. Our clients are not selling on a “selling to planning” basis but on an unconditional basis.
Freehold site for sale with industrial buildings – Suitable for a variety of uses/re-development (STP) – 0.250 acres/0.101 hectares – comprising a roughly rectangular site made up of a combination of 5 industrial and warehouse buildings plus ancillary parking and a long driveway into the site. Northwall Road is predominantly a residential street and is thought that the site would benefit from re-development to either residential, community or educational use or remain as industrial, subject to the necessary planning consents. The property is being offered subject to the current lease, notice has been served to terminate this lease. The site is being offered unconditional of planning and with vacant possession.
Prominent town centre retail premises benefitting from a large glazed frontage (approx. 5.8m) with open plan retail / display area which has a suspended ceiling incorporating lighting and heating / air conditioning unit (not tested). To the rear of the premises there is a separate access door, an office, a storage area (approx. 3.5m height) and W/C facility. There is one allocated car parking space on site, to the rear of the premises.
Freehold bar with residential upper part – arranged over ground floor as fully fitted bar with kitchen and male and female WC’s with internal access leading to first and second floor two bedroom maisonette. The premises would lend themselves to self-containing the maisonette and splitting into two residential units (subject to the necessary consents). The upper part could also be extended over the ground floor rear extension to either create an additional unit or enlarge the existing residential first floor area. The bar currently trades on a hire only basis for functions. The bar air conditioned, has separate male & female WC’s and has been trading since 1981. It also benefits from a 1am licence from Sunday—Thursday and until 2am on Friday and Saturday.
Freehold Investment (income producing) – comprising a freehold shop and residential upper part.
The shop is let for a term of 12 years from December 2013 at £15,000 pa with 4 yearly rent reviews. The upper part is sold off on a 125 year lease from 2004 at a peppercorn ground rent.