Retail premises for sale in Balham High Road, London SW12
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Property features
- Investment let at £101,200
- P.a.
- A freehold property situated in a prime corner position in central Balham
- Six storey period building extending to approx. 2,724 sq. Ft gia
- Comprising a mix of commercial units on ground and lower floors, a vacant space on the 1st Floor and a residential 2/3 bedroom flat on the upper floors
- Potential to refurbish the first floor unit as well as potential to extend the existing building to the rear (subject to necessary consents)
- Thriving neighbourhood with a strong retail offering
- Excellent transport links
Property description
Strapline
Auction Sale - 18/07/2023
A freehold property situated in a prime corner position in central Balham. Comprising a mix of commercial units on ground and lower floors and a residential flat across the upper floors.
Investment let at £101,200 p.a.
Description
The property comprises:
- A retail unit at ground and lower ground floor levels let to Edward James Salon
- Vacant first floor commercial unit
- 2/3 bedroom flat across the upper floors
There is potential to refurbish the first floor unit or incorporate it into the residential flat, subject to obtaining the necessary consents. Also potential to extend the existing footprint of the building to the rear.
Location
The property is located in a prominent position in central Balham within the London Borough of Wandsworth at the corner of Balham High Road and Ramsden Road.
Balham is a thriving neighbourhood located in leafy South West London and is popular with young professionals and families alike due to the local amenities and excellent transport links on offer.
Occupiers on the main High Road include Waitrose, Boots, Oliver Bonas, Joe and the Juice and Planet Organic.
A number of independent shops and cafes are located on pedestrianised Hildreth Street and Soho House launched Little House Balham in 2021.
The property is located 0.1 miles north of Balham station which benefits from London Underground and Southern Railway services to Central London.
Transport
Underground - Balham (Northern)
National Rail - Balham (Southern)
Tenancy
Ground & Lower Ground:
Tenant: Edward James Hair Salon
Rent: £70,000 p.a.
First Floor:
Vacant
Second, Third & Fourth Floors:
Residential Flat
Rent: £31,200 p.a.
Total Rent Producing: £101,200 p.a.
Accommodation
Ground & Lower Ground:
Total gia: 1,258 sq. Ft
First Floor:
Total gia: 309 sq. Ft
Second, Third & Fourth Floors:
Total gia: 982 sq. Ft
Total gia: 2,724 sq. Ft
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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