10 Westow St 3,217 sq ft 100% Let Retail Property London SE19 3AH £600,000 (£186.51/sq ft) 6.83% Net Initial Yield

• Unbroken freehold building arranged over the basement, ground, first & second floors.
• Prominently positioned in a high street location, within the affluent and sought-after Crystal Palace “Triangle”.
• Located 0.3 miles (6 min walk) from Gipsy Hill Train Station, and 0.5 miles (10 min walk) from Crystal Palace Train Station.
• The entire property falls within Class E (commercial) use.
• The basement and ground floor measure c. 1,518 sqft NIA and are let to a private individual trading as an estate agency.
• The current passing rent is £23,000 pax, with the lease expiring in September 2026. The tenant wishes to renew at an increased rent.
• The upper parts (first and second floors) are self-contained with separate front access, measure c. 1,615 sqft NIA, and are let to a private individual operating an osteopathy practice.
• The current passing rent is £18,000 pax (equating to an extremely low approx. £11 per sqft), and the lease expired in September 2025 (the tenant is therefore “holding over”).
• Both leases are on Fully Repairing and Insuring (FRI) terms, and benefit from security of tenure under the 1954 Act.
• Total Passing Rent: £41,000 pax.
• The upper parts offer apparent potential for residential conversion, subject to obtaining necessary consents. They benefit from windows to the front, side and rear.
• Total Estimated Rental Value (ERV) for the commercial building: £65,000 pax.