70 Rochester Row, London, SW1P 2PA
927 Sq Ft / Other
For Sale
- £500,000.00
Available - Last updated: 23 April 2024
Summary
Having been unoccupied and only used for storage, this prime investment opportunity is available at just £539/p/sq ft offering a versatile space with a competitive value profile. The ground floor of the property offers in excess of 600 sq ft opening out onto Rochester Row, placing it in strong stead amongst a premium set of retailers who have occupied the immediate locale for decades.
The property itself has skylights at the rear with kitchenette and bathroom facilities already in place. The period wooden flooring spans throughout the ground floor with the shop having been home to Rochester Flowers, a prestigious locale florist frequented by the locale community. We anticipate strong interest from occupiers looking to establish themselves in this exceptional unit and that an ERV at £35,000 per annum is comfortably achievable at present day.
Key Points
Prime retail property.On the prestigious Rochester Row.7% N.I.Y with an ERV of £35,000 P.A.Characterful glass façade.Unparalleled transport connections.Location
Directly opposite the Rochester Hotel with Shepherds Bookbinders just a couple of doors down, the road is occupied by a well-established set of operators who are valued amongst the local community. The immediate surroundings are occupied by a considerable sum of residential properties home to largely affluent occupiers who hold considerable value in strong service and a relationship built up over a period of time.
The transports links servicing Rochester Row are numerous with Victoria Station the closest by offering Victoria, District & Circle Lines alongside National Rail services and Bus Routes from Victoria Bus Station. Pimlico & St James’ Park stations are also nearby and can be accessed within a 10-15 minute walk. Westminster & Buckingham Palace are just moments away meaning the property sees notable levels of tourist attraction on a daily basis.Terms
Guide Price: £500,000.
Rateable Value: £19,000.
EPC: D (98).
Use Class: Class E.
Local Authority: The City of Westminster.
Possession: Full vacant possession immediately on completion of legal formalities.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£500,000.00
| NA |
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