Commercial property for sale in Clapham Junction

This property is marketed by:
Willmotts Chartered Surveyors

Key features:

• Prime freehold commercial property
• Part vacant possession
• ERV of whole £108,000
• Good footfall location
• Development potential
• Attractive SW London postcode

Location:

The property occupies a prominent position within a prime retail pitch within the Clapham area. The property is also within a short walk away from the Clapham Junction Overground Station. Some of the nearby operators include TKMaxx, M&S Food, Waterstones Flying Tiger, Vodafone, and Holland & Barrett. The transport links are also excellent with numerous buses passing outside the property.

Description:

The subject property is a mid-terrace three storey commercial building which was formally trading as opticians. The accommodation is arranged over Basement, Ground and First floors. The property will be provided with vacant possession of the basement and ground floors whilst there’s a firm of lawyers the occupying the first floor. There is an emergency exit discharging to the rear service road and the exist serves both the ground & first floor tenants.

User:

Class E of the Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020.

EPC:

The property has an Energy Performance Certificate rating of B(46). A Copy of the EPC is available upon request.

Legal:

Each party to bear its own legal costs.

Accommodation Schedule:

The property offers the following (NIA) approximate dimensions:

Tenure:

Freehold, subject to the existing tenancy.

Tenancies:

Ground floor and basement are offered on a vacant possession basis, with an ERV of circa. £70,000 per annum exclusive.

First floor is currently occupied by way of an FRI lease granted 11th July 2014 at rent of £25,000 per annum exclusive and the lease will expire in July 2024. We believe the ERV for this unit is circa £38,000 per annum exclusive in the current market.

Terms:

Offers are invited in the region of £1,450,000 for our client’s Freehold interest.

VAT:

The property has been elected for VAT purposes and such will attract VAT at the prevailing rate upon the purchase price.

Local Council:

London Borough of Wandsworth.

AML:

In accordance with Anti-Money Laundering Regulations, we shall require additional information from the purchaser/tenants so that an online verification can be undertaken.

Viewing:

By appointment only via seller’s sole agent: Willmotts Chartered Surveyors.