Retail premises for sale in 8, Balham Hill, Balham SW12

£1,800,000 (£364.59/sq. ft)
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Retail premises for sale 4,937 sq. ft*

Property features

  • Commercial investment opportunity
  • Ground floor commercial unit
  • Total area of approx. 4,937 sq.ft.
  • Vibrant residential and commercial area
  • Pets at Home in occupation.
  • Passing rent £62,500 with uplifts.

Property description

Positioned fronting Balham Hill and just along from Majestic Wine and M & S Food, the available commercial premises are situated in a popular residential and commercial location. The local area offers a range of local restaurants, bars and independent shops along with major retailers.

8 Balham Hill is a short walk from Clapham South (Northern line). Balham underground (Northern Line) and rail station is also within walking distance.

Vibrant residential and commercial area within South West London.

999-year leasehold interest from 15 August 2003 at £1 pa ground rent.

There is a sublease to Pets at Home on the following terms:

The full repairing and insuring underlease (by way of service charge) between Nightingale Centre Ltd. And Pets at Home Ltd. Is dated 26 July 2021 for a term of 10 years from 26 July 2021 at a passing rent of £62,500 per annum exclusive rising to £125,000 pa exclusive with effect from 26 January 2023. Nb The Vendor will top up the shortfall in rent.

There is an upward only open market rent review on 26 July 2026 (capped at £144,909.25 per annum exclusive) and the tenant has the right to terminate the lease on 25 July 2026, subject to not less than 6 months prior written notice and a six month rent penalty.

Accommodation:
Ground Floor: 4,937.00 sqft

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Houston Lawrence, SW18 on +44 20 3641 4518 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Houston Lawrence, and do not constitute property particulars. Please contact Houston Lawrence 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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