Available
London SW11 – Vacant Shop & 3-Bed Flat
80 Battersea Rise, Wandsworth, London SW11 1EHFreehold Vacant Retail & Residential Investment with Development Potential
Price
£999,000
Rent P.A.
ERV: £66,000
Tenure
Freehold
Area
1,797 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £66,000 p.a. GIY: 6.61%
- Comprises ground floor retail shop (Class E) and self-contained 3-bed flat above
- Shop is currently operating as Dry Cleaners
- In same ownership for 45 years
- Located on busy Battersea Rise (A3) within short walk to Clapham Junction Station
- Occupiers nearby includes, pharmacy, bars, restaurants/takeaway, bookmakers and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
An end-of-terrace three storey building comprising ground floor shop and 3-bedroom self-contained flat at first/second floor, providing the following accommodation and dimensions:
Retail Shop: 55 sq m (600 sq ft)
Reception, Open plan retail, Kitchenette, WC
Residential Flat: 109 sq m (1,197 sq ft)
First Floor: Landing, Open Plan Kitchen, Living Room, Bathroom
Second Floor: Master Bedroom, Double Bedroom, Single Bedroom
Total NIA: 164 sq m (1,797 sq ft)
Retail Shop: 55 sq m (600 sq ft)
Reception, Open plan retail, Kitchenette, WC
Residential Flat: 109 sq m (1,197 sq ft)
First Floor: Landing, Open Plan Kitchen, Living Room, Bathroom
Second Floor: Master Bedroom, Double Bedroom, Single Bedroom
Total NIA: 164 sq m (1,797 sq ft)
Tenancy Description
The entire property is at present vacant. Total ERV: £66,000 p.a.
Retail shop ERV: £36,000 p.a. Residential flat ERV: £30,000 p.a.
Retail shop ERV: £36,000 p.a. Residential flat ERV: £30,000 p.a.
Location Description
The property is centrally located on Battersea Rise, next to the famous Northcote Road, seconds from a fantastic selection of shops, restaurants and bars. Clapham Junction Station is a short walk away, providing direct links to Victoria and Waterloo Stations, along with great bus transport links to number of famous London destinations. Occupiers nearby includes restaurants/takeaway, pharmacy, bars, bookmakers and many more.