Investment Consideration:
Vacant possession
ERV: £66,000 p.a. GIY: 6.61%
VAT is NOT applicable to this property
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.
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)
Tenancy:
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.
Location:
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.
