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16-18 Replingham Road, Southfields, London, SW18 5LY

2,785 Sq Ft / Other

For Sale - £750,000.00

Available - Last updated: 23 May 2024

Summary

The subject property, formally Barclays Bank, comprises ground and basement-level accommodation that has been stripped out by the current Landlord – therefore creating a blank canvas for potential future occupiers. The unit is double-fronted and benefits from a large, visible glass façade and rear windows to the rear providing additional light sources. The basement contains several separate rooms including the former concrete and steel vault – creating an interesting potential ‘feature’.

ACCOMMODATION: Total – 2,785sqft / 258.7sqm (GIA)


Key Points

  • Freehold double-fronted vast commercial space.
  • ERV. Approx. £65,000 per annum.
  • Excellent yield profile of c.8.5 %.
  • Premium pitch in affluent SW London community.
  • Exceptional Capital Value £269psf.
  • Excellent proportions - 2,785sqft / 258.7sqm (GIA)
  • Location

    Replingham Road is well-located in the heart of Southfields Village, generally popular with families and young professionals. Southfields Underground Station is moments away, offering District Line access into Central London. The general area is populated with a mix of premium tenants, including Waitrose, Café Nero, Gails, and Franco Manca which service the affluent local residents. It is also the closest stop to the famous AELTC, home to the Wimbledon Tennis Championships. The summer festivities dramatically increase the level of passing trade creating an outstanding opportunity for tenants to increase revenues over this period.

    Terms

    Title and Tenure: The Freehold is held under title number: 54976.

    Rateable Value: £47,950. Interested parties are advised to make their own enquiries with the Local Authority: London Borough of Wandsworth.

    Method of Sale: The site will be sold by way of Private Treaty.

    VAT: TBC.

    Viewings: Strictly through the Sole Agents, Winkworth Commercial on 020 7355 0285 and made by prior appointment.

    EPC: Available on request.

    Proposal: We are instructed to invite offers in the region of £750,000 with a sale at this level reflecting a Gross Initial Yield of 8.5 % assuming an ERV of £65,000 per annum.

    Property Quote Price(s)

    DescriptionSale typeGuide pricePrice type
      For Sale Freehold £750,000.00 NA

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    Contact agents

    Tom Lewin

    Winkworth Commercial

    020 3151 9686

    Chris Ryan

    Winkworth Commercial

    020 3151 9693



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