Franciscan Road, Wandsworth, London

SUMMARY

• Opportunity to acquire an income producing shop & uppers comprising a 3-bedroom apartment on the upper floors with value-add potential.

LOCATION

• The property is located on Franciscan Road, a highly desirable residential street situated in the vibrant and sought-after neighbourhood of Tooting (SW17). Exceptionally well-connected, located just a short walk (approx. 12-15 minutes) from both Tooting Bec and Tooting Broadway Underground Stations (Northern Line), providing rapid, direct commuter services into Central London (Bank and London Bridge in under 30 minutes).

• The site benefits from immediate proximity to the expansive green open spaces of Tooting Bec Common, alongside the bustling independent cafes, restaurants, and premium lifestyle amenities of the award-winning Tooting Market. Positioned within close reach of St George's Hospital, ensuring a consistently strong and reliable pool of professional medical tenants for the local rental market.

DESCRIPTION

• The property is a 2-storey terraced building comprising a shop on the ground floor and a large 3-bedroom apartment on the upper floors.

• The ground floor is underlet to Day Lewis Pharmacy producing £12,574 per annum until 1st April 2032. The rent is payable quarterly in advance; there is a rent review on 25th March 2027.

• The upper floor is a 3-bedroom apartment, extending to approximately 842 SqFt (NIA).

• The Flat is let on a 2-year lease starting from 7th August 2025 at rent of £20,100 per annum.

• The building is producing a total income of £32,674 per annum.

• There is significant value add potential to extend the building into the loft space and potentially subdivide the apartment to create two smaller apartments as well as reversionary potential on the commercial unit. Subject to obtaining necessary planning consents.

• The neighbouring property received planning in 2013 for the “Construction of single storey rear extension.” (Planning Ref. 2013/3701)

TERMS

• The property is offered Freehold.

• Offers in excess of £550,000