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Freehold Investment, Riverside Yard, London, SW17 0BB
62,960 Sq Ft / Industrial / General Industrial
Withdrawn - Last updated: 24 November 2023
Summary
The available opportunity comprises two detached buildings on a site measuring 1.07 acres.
THE GREEN, RED & YELLOW STUDIOS
Comprises an older industrial style building arranged over ground and two upper floors served by a goods lift. Community Arts Studios Ltd occupy The Green, Red & Yellow Studios. Gorillas Technologies Ltd Occupy Unit 8.
THE BLUE STUDIOS
Comprises a building constructed in 2007 arranged over part ground and four upper floors served by a lift. This building is let in its entirety to Community Art Studios Ltd.
Key Points
Comprises two commercial buildings totaling 62,960 sq ft (5,849 sq m) on a site measuring 1.07 acres with 35 car parking spaces93.59% let to Community Arts Studios Limited, with an annual Cap & Collar Rent Reviews at 2% - 4%Tenants include - Community Art Studios and Gorillas Technologies LimitedThere is a waiting list of approx. 40 artists at any one time for the studio space within the existing studiosAll leases outside the Act with full vacant possession possible by April 2024, offering excellent redevelopment potential, subject to planningCurrent Net Income £1,263,002 per annum exclusiveLocation
The property is located between Earlsfield and Wimbledon in south west London. Wandsworth is 2 miles to the north and Croydon is 6 miles to the south east.
The A24 is 1 mile to the east whilst the A3 and South Circular are 2.5 miles to the north. Earlsfield train station is just over 0.5 miles to the north and provides an excellent service into London Waterloo with a journey time of approximately 13 minutes. 0.75 of a mile to the south is Haydons Road
station which provides a Thameslink service into London St Pancras in 38 minutes.
Wimbledon train station provides frequent services to London Waterloo (19 minutes) and is connected to London Underground (District Line) and Tramlink (linking to Croydon and Beckenham).
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