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17 and 17a Replingham Road, Southfields, London, SW18 5LT
2,865 Sq Ft / Other
Withdrawn - Last updated: 11 March 2024
Summary
This highly impressive mixed-use commercial property receives a rent passing equating to £50,400 per annum. The tenancy/income schedule is outlined below.
GROUND & BSMT (COMMERCIAL) – The unit is let for a term of 15 years from January 2023. The passing rent is £30,000 PAX. Rent reviews on the fifth anniversaries. We understand the lease is contracted outside of the provision of the LTA 1954 Act. This unit measures approx. 1,342 sq ft.
(C3) RESIDENTIAL ACCOMMODATION – There are two residential units, one is let on an individual AST and is a one-bed measuring 616 sqft generating £1,XXXcm & the larger unit is a three-bedroom duplex measuring 907 sq ft, it is currently vacant, and has an ERV of c. £4,XXXcm
ACCOMMODATION: Approx. Total – 2,865 sq ft (266.2 m²).
Key Points
Gross annual income of £50,400 (ERV C. £98,500 per annum).Established South West London location.GIY reflecting 5.12%.Ground floor commercial unit let at £30,000 PA.Impressive residential uppers let on individual AST.Location
Replingham Road is well-located in the heart of Southfields Village, generally popular with families and young professionals alike. Southfields Underground Station is moments away, offering District Line access into central London. It is also the closest stop to the famous AELTC, home to the Wimbledon Tennis Championships.Terms
Title and Tenure: The Freehold Interest is offered for sale subject to the occupying tenancies. Title Number: SGL317451.
Rateable Value: Interested parties are advised to make their own enquiries with the Local Authority (London Brough of Wandsworth).
Method of Sale: The site will be sold by way of Private Treaty.
VAT: The property is not elected for VAT.
Viewings: Strictly through the joint-sole agents, Winkworth Commercial on 020 7355 0285 and made by prior appointment. Under no circumstances should any direct approach be made to any of the occupational tenants or staff.
EPC: Available on request.
Proposal: £1,500,000.
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