42 Lavender Hill, London, SW11
Size
596
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Rental Income: £24,700 p.a.
- Gross Initial Yield: 5.61%
- Comprises ground floor restaurant and 2 self-contained flats, which have been sold off
- Restaurant let until 2038 (No Breaks). Rent review in October 2028 open market upward only
- Pizzeria Pellone is in the "Top 10 Pizzerias in London" lists by CNN Traveller, Conde Nasté and others
- Prominent corner location, with outdoor terrace, in one of Battersea`s busiest streets.
Description
Gross Initial Yield: 5.61%
Rental Income: £24,700 p.a.
VAT is NOT applicable to this property
Comprises ground floor restaurant and 2 self-contained flats, which have been sold off
Restaurant let until 2038 (No Breaks). Rent review in October 2028 open market upward only
Pizzeria Pellone is in the "Top 10 Pizzerias in London" lists by CNN Traveller, Conde Nasté and others
Prominent corner location, with outdoor terrace, in one of Battersea?s busiest streets.
Nearby occupiers include Co-op Supermarket, Sainsburys, Pizza Hut and Café Nero, amongst many more.
Property Description:
Comprises end-of-terrace building arranged as a ground floor restaurant with two residential flats above (sold-off). The restaurant has undergone a full refurbishment and kit-out upon commencement of tenancy in 2018, and provides the following accommodation and dimensions:
Ground Floor: 55 sq m (596 sq ft)
Open plan restaurant, kitchen, storage, wc
Rear Ground Floor Flat: Sold-off
First & Second Floor Flat: Sold-off
Tenancy:
The ground floor restaurant is at present let to Albarella Limited t/a Pizzeria Pellone (with personal guarantee) for a term of 20 years from 30th October 2018 at a current rent of £24,000 per annum and the lease contains full repairing and insuring covenants. Rent review in October 2028 open market upward only. No break clause. Deposit held of £10,000. Tenant paid £50,000 premium for the lease.
The rear ground floor flat has been sold off on a 125 Year lease from 3rd June 2014, at a ground rent of £300 p.a. Rent increasing by £250 every 25 years.
The first and second floor flat has been sold off on a 125 Year lease from 16th May 2014, at a ground rent of £400 p.a. Rent doubling every 25 years.
Location:
Battersea is a district of South West London, England, within the London Borough of Wandsworth. It is located on the south bank of the River Thames, 2.9 miles (4.7 km) southwest of Charing Cross. Transport links are provided by Clapham Junction rail station and Clapham Common underground station (Northern Line). Nearby occupiers include Co-op Supermarket, Sainsburys, Pizza Hut and Café Nero, amongst many more.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Floors in building
- 3
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
42 Lavender Hill, London, SW11
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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Disclaimer - Property reference 42lavender. 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 BLUE ALPINE PARTNERS LIMITED, 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.