33 Lavender Hill, London, SW11
Size
1,076
Tenure
Freehold
EPC
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Parking
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- Primary use
- Restaurant
No floor / site plan
Description
Gross Initial Yield: 4.21%
Rental Income: £29,500 p.a.
VAT is NOT applicable to this property
Comprises restaurant at ground floor, self-contained storage at first floor and 2 residential flats at first and second floor (both sold-off)
Residential development potential of retail ancillary at rear, subject to obtaining vacant possession
Nearby occupiers include Co-op Supermarket, Sainsburys, Pizza Hut, Café Nero and more.
Property Description:
Mid-terrace building comprising ground floor restaurant with outdoor seating, self-contained storage space at first floor and 2 residential flats at first and second floor (both sold-off), providing the following accommodation and dimensions:
Ground Floor Restaurant: 80 sq m (861 sq ft)
Open plan seating area, kitchen, storage
First Floor Storage: 20 sq m (215 sq ft)
First Floor: Flat A (sold-off)
Second Floor: Flat B (sold-off)
Total GIA: 100 sq m (1,076 sq ft)
Tenancy:
The restaurant is at present let to an Individual for a term of 15 years from 20th July 2018 at a current rent of £27,500 p.a. and the lease contains full repairing and insuring covenants. Fixed increase to £30,250 p.a. in July 2026 and £33,275 p.a. in July 2030 until the remainder of the lease. The storage unit is at present let on a tenancy at will at a current rent of £2,000 p.a.
Flat 33A has been sold-off on long leasehold for a term of 189 Years from 25th March 1983 at a ground rent of peppercorn. Reversion 2172.
Flat 33B has been sold-off on long leasehold for a term of 189 Years from 25th March 1983 at a ground rent of peppercorn. Reversion 2172.
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
- 1
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- BREEAM rating
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- Environmental description
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Brochure
33 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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