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Retail premises for sale
940 sq. ft*
Location: The property is situated in the centre of Balham in the core retail section of Balham High Road between Bedford Hill and Balham Station Road. Surrounding shop units include Sainsbury’s, Superdrug, Boots, tk Max, Aldi and McDonalds.
Balham mainline and Northern Line Underground station is 250yds (230m).
Description: The property is a mid terraced building comprising a ground floor and basement shop with three self contained new build flats above. The ground floor and basement is occupied by the Freeholder’s established opticians practice and will be sold subject to the grant of a new lease. The shop has been refurbished recently to a high standard. THe basement has a 2.5m headroom and access direct from the ground floor. There is a glass floor giving natural light. The flats were built in 2020 and have been sold on long lease at peppercorn ground rent.
Ground floor shop Internal width 11’3” 3.43m Internal depth 42’10” 13.05m Net internal area 455ft² 42.3m²
Basement Office Kitchen Shower/WC Net internal area 485ft² 45.0m²
The area “in terms of Zone A” 374ft² (20ft zones; basement at A/10)
The Rateable Value (2017 list) is £18,750.
Lease The ground floor shop and basement will be let to The Optical Trading Company Limited on a new lease to for a term of 15 years from completion at a rent of £35,000 p.a. Subject to 5 yearly upward only rent reviews. The lease will be on full repairing and insuring terms.
The Optical Trading Company Limited was incorporated in 2008 and has been trading in Balham under the name Perfect Vision. Accounts are available on request.
Tenure: Freehold subject to leases.
Price: £575,000 subject to contract
viewing: Strictly by appointment through Sole Agents: Bells commercial bells commercial aim to carry out all negotiations in acordance with the code of practice for commercial leases in england and wales. A copy of the code is available from our office.
Bells for themselves and for vendors or lessors of this property whose agents they are give notice that:
(i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract;
(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;
(iii) no person in the employment of Bells has any authority to make or give any representation or warranty whatever in relation to this property;
(iv) all applicants are advised to confirm prior to their appointment to view a property that it is still available and that all of the main details are unchanged.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact Bell's Chartered Surveyors, SW11 on +44 20 8033 5070 * (local rate)
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