31 St. Johns Hill, London, SW11 1TT
Size
966
Tenure
Freehold
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- Primary use
- Other
Key features
- Virtual Freehold 999 years, from 2018
- Passing rent of ÂŁ38,500 PAX agreed on a recent rent review
- The property is occupied by a growing retail operator, on a single lease, outside the Act for a term expiring September 2036
- Comprising ground floor retail and basement premises
- Peppercorn ground rent
- Located directly opposite the entrance to Clapham Junction rail station, the busiest interchange station in the UK.
Description
A rarely available, long income-producing investment opportunity on St. John’s Hill in the affluent Battersea area. The unit benefits from a prominent shopfront position opposite Clapham Junction Station, offering excellent visibility and branding. The premises comprises ground floor and basement commercial/retail space, let to a single growing multi-branch retailer (Clapton Craft) for a term of 15 years from September 2021. The lease was granted outside the Landlord & Tenant Act 1954 Part II and incorporates uncapped RPI-linked rent reviews on the 5th and 10th anniversaries, the current rent is £38,500 PAX, agreed recently on the first rent review. There are no break clauses. Clapton Craft has been trading since 2015 and currently occupies eight branches across London, supported by a strong local brand presence and an established operating history.
Location
The property is in a prime position on St John’s Hill, in a vibrant mixed-use area with wealth of nearby retail, restaurants, and bars, also being close to Clapham Common. It is within walking distance of Clapham Junction Station, offering excellent connections to central London, Victoria, Waterloo and Gatwick Airport.
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- Listed building
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Brochure
31 St. Johns Hill, London, SW11 1TT
About Strettons Limited, Retail & Leisure
Strettons is a London-based firm of property advisors providing multidisciplinary expertise across a wide range of commercial and residential property sectors throughout the UK.
For over 90 years, Strettons has provided specialist advice to buyers, owners, occupiers, investors and developers, with our in-house agency, management, auction, valuation and advisory teams working as one to add value.
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Disclaimer - Property reference 360230-1. 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 Strettons Limited, Retail & Leisure. 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.