Commercial property for sale in Battersea Park Road, London SW8
£695,000 (£556/sq. ft)
Commercial property for sale
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- Total rents reserved: £45,150 per annum
- Character four storey building
- Net Yield: 6.1%
- Wall lights
- Disabled WC
Comprises a character four storey building with basement providing a bar/restaurant on ground and basement and residential on the upper three floors.
The ground floor has seating for 40 covers and benefits from wood flooring, wall lights, disabled WC and some outside seating. The basement comprises a cooking area and storage with ceramic floor and two WCs. The upper parts comprise two flats sold off on long leases.
The retail unit is let to The Power Station on a 20-year lease for a term expiring in May 2027 at a passing rental of £45,000 per annum exclusive. The lease is subject to 4 yearly upwards only rent reviews, with the next review being due in May 2020. The lease is contracted outside the Landlord & Tenant Act 1954.
The freehold is also subject to ground rents from the two upper floor flats. The first floor flat is let for a term of 99 years from 29th September 1985 at a current ground rent of £100 per annum for next 33 years and £150 per annum.
The maisonette has a long lease to September 2174. We understand that the current ground rent is £50 per annum.
Battersea Park Station is a short walk from the subject property and numerous bus routes run along Battersea Park Road.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Strettons City & City Fringe, and do not constitute property particulars. Please contact Strettons City & City Fringe for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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