Commercial Property for sale

156-158 Battersea Park Road, London, SW11

Under Offer 1,647 sq. ft. | £627,500

Property Description

Commercial information

  • 1,647 sq ft (153 sq m)

Full description

Description:
The property comprises of two combined D1 units at 158 and 160 Battersea Park Road. They trade as London Dental Implant Centre, both with frontages onto Battersea Park Road. The commercial premises is arranged over ground floor only and is made up of a reception area at the front of the property, followed by a series of treatment rooms and offices. At the rear there is a kitchen, a store room and a small courtyard which provides pedestrian access from Beechmore Road. The upper parts comprise of four self-contained residential flats, all of which are sold off on long leases. Access to the residential parts is via a doorway on Battersea Park Road situated in between the commercial units.

Location:
The property is located on the north side of Battersea Park Road, the premises are located at the end of a parade of retail shops, nearby occupiers include Tesco Metro, Douglas and Gordon and Savills Estate Agents. Battersea is currently the subject of major regeneration and is becoming a focal point within the London Borough of Wandsworth. A series of new residential and commercial developments are currently under construction, including Embassy Gardens, Riverlight and Battersea Power Station. Battersea Park and Queenstown Road Train Stations are approximately 0.5 miles from the property providing regular services to London Victoria and London Waterloo. Battersea Park Road also has regular bus services in and out of London.

Tenancy:
The commercial premises are let to Hungarian Dentacare Limited (company number: 7027619) t/a London Dental Implant on a full repairing and insuring lease for a term of 20 years from 7th June 2010, expiring on 6th June 2030 with a tenant only option to break at the fifth year. The current annual rent is 35,000 per annum. The rent is subject to open market upward only rent reviews at the end of year 5, 10 and 15. The 2015 rent review is still outstanding. The residential parts produce a total ground rent income of 625 p.a. Total rental income for the property is 35,625 per annum.

Tenure:
The property is available to purchase Freehold.

Accommodation:
The premises afford the following approximate gross internal floor areas:

Covenant Information:
Hungarian Dentacare Limited (company no: 7027619) was incorporated in 2009 and have been trading as London Dental Implant at this address since the beginning of the lease in 2010. The company has a Credit Safe rating of 47 C, which places it within the top 25% of financially secure companies within their specific industry, in the UK.

Proposal:
We are instructed by our clients to seek offers in excess of 627,500 (six hundred and twenty seven thousand five hundred pounds) subject to contract. A purchase at this level would reflect a net initial yield of 5.4%, having allowed for purchaser's costs at 5.21%.

VAT:
We understand the property is not elected for VAT.

More information from this agent

Nearest stations

  • Queenstown Road (Battersea) (0.6 mi)
  • Battersea Park (0.6 mi)
  • Clapham Junction (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kinleigh Folkard & Hayward, London

KFH House, 5 Compton Road, Wimbledon, London, SW19 7QA

020 8012 5505 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Queenstown Road (Battersea) (0.6 mi)
  • Battersea Park (0.6 mi)
  • Clapham Junction (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kinleigh Folkard & Hayward, London

KFH House, 5 Compton Road, Wimbledon, London, SW19 7QA

020 8012 5505 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 158_160_Bat_PK_RD. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kinleigh Folkard & Hayward, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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