Retail premises for sale

Bellevue Parade, Wandsworth Common SW17

Summary:
• Affluent and densely populated South West London suburb.
• Bellevue Road provides a number of boutique shops, local businesses, estate agents, and fine dining restaurants including Olivier’s Lounge, Jigsaw, Pom, Caffe Nero, Sainsbury’s Local, Knight Frank, Carter Jonas, Chez Bruce and The Good Earth. Flotsam & Jetsam is nearby.
• Located opposite Wandsworth Common and a short walk from Wandsworth Common Rail Station.
• Tenure – Freehold.
• Ground floor shop let to Fordel Limited trading as Lark on a new 10 year lease from 5th January 2026 at a rent of £42,000 per annum exclusive.
• The first floor flat above has been sold off on a long lease at a peppercorn rent.
• Asset Management - potential to add a second floor addition/extension to the flat subject to planning permission and any necessary consents, should it be possible for the freeholder to purchase the flat in future; or alternatively potential for the freeholder to charge a premium to the Lessee of the flat in return for granting consent to the Lessee for an addition/extension (STPP and any necessary consents).
• Guide price of £675,000 (six hundred and seventy-five thousand pounds), subject to contract.
• Gross initial yield 6.22%.
• VAT is not applicable.

Location - Wandsworth is a densely populated South West London suburb; the A24 provides access to the South Circular Road and London, whilst the A214 (Trinity Road) links with the A3 to the north and Tooting to the south; the property is situated on the south east side of Bellevue Road opposite Wandsworth Common; the property is a short walk from Wandsworth Common Rail Station.

Description - The subject property is prominently located in the desirable Bellevue Parade and arranged as a ground floor shop unit with large forecourt area with dedicated car parking and access at the rear with a first floor flat above.

Accommodation - The ground floor shop provides the following approximate net internal areas:

Shop Premises Sq Ft Sq M
Ground Floor Shop 700.16 65.05
Store (Under Stairs) 25.21 2.34
Kitchen 33.67 3.12
total 759.04 70.52
itza 499.28 46.38

Tenancies:

1 Bellevue Parade – Ground Floor Shop - Let to Fordel Limited, trading as Lark. We understand that this is on an effective full repairing and insuring basis at a rent of £42,000 per annum exclusive, for a term of 10 years from the 5th January 2026 with approximately 9.5 years unexpired, a tenant option to break on 5th January 2031 on 6 months’ notice, and a rent review on an upwards only basis to the open market rent on the 5th January 2031. The lease is outside the security of tenure provisions of the Landlord & Tenant Act 1954. A rent deposit of £10,500 is reserved by a Rent Deposit Deed dated 5th January 2026. Lease and Rent Deposit Deed available on request.

1A Bellevue Parade - First Floor Flat – Let to an individual. We understand that this is on an effective full repairing and insuring basis at a peppercorn rent, for a term of 153 years from 7th November 2012 expiring on 15th February 2166. We further understand that the Lessee is not permitted to make any alterations or additions to the Premises without the previous consent in writing of the Lessor. Lease available on request.

Tenure – Freehold.

Energy Performance Certificate (EPC) – The ground floor shop has an EPC rating of C 74.

VAT – The property has not been elected for VAT

Proposal – We are instructed to seek offers with a guide price of £675,000 (six hundred and seventy-five thousand pounds), subject to contract.

Aml - In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from any successful Purchaser.

Legal Costs - Each party to be responsible for their own legal and professional costs.

Viewing is strictly by prior appointment with the sole agent NEB Consulting