TypeRetail Investments · Office Investments
TenureFor sale
Ground floor restaurant occupied by Pizza Express for 14.5 yrs with remaining term of 15.5 yrs.
Upper floor offices let to 4 tenants with a WAULT of 3.16 years to expiry (1.54 years to break).
The Investment comprises a mixed-use freehold building of brick construction under a flat roof with a parapet wall. 2,356 sq ft of well configured restaurant accommodation on ground floor and 3,622 sq ft of newly refurbished office accommodation over first and second floors.
The restaurant unit is arranged over ground floor only and comprises of two trading areas, open kitchen with pizza oven, customer toilets, office and storage. The unit benefits from significant frontage onto both Lavender Hill and Falcon Lane.
The office units have been recently refurbished to Grade A specification and are accessed using a separate entrance from the Lavender Hill elevation.
The London Borough of Wandsworth is an affluent area in the south west of London and encompasses the popular suburbs of Balham, Wandsworth, Putney, Battersea, Earlsfield and Tooting. The Clapham suburb is split with the London Borough of Lambeth, which includes areas such as Clapham Old Town, Clapham High Street and Clapham Junction. The locality is popular with families and professionals alike given the strong schooling provision, abundance of restaurants and bars and provision of open spaces; most notably Battersea Park as well as Clapham, Wandsworth and Tooting Commons.
Rental Income £227,555pa
Grade A Offices
STPP Resi Development