122-126 Balham High Rd 4,732 sq ft 100% Let Retail Property London SW12 9AA £4,000,000 (£845.31/sq ft) 6.43% Net Initial Yield

Positioned in the heart of Balham, one of South West London’s most desirable and dynamic neighbourhoods, 122–126 Balham High Road presents a compelling freehold investment opportunity. This attractive Victorian property has been thoughtfully extended and modernised to offer two high-performing retail units with full-height glazed frontages and three spacious duplex flats above. The retail tenants—Kinleigh Folkard & Hayward and Betfred—are both long-established, covenant-strong occupiers with leases extending into the next decade, ensuring stable income and minimal vacancy risk.
The residential component comprises three well-proportioned three-bedroom duplex flats, each let on ASTs with scope for rental uplift upon renewal. The flats benefit from a dedicated entrance and access to a substantial flat roof terrace, offering potential for further enhancement or development subject to planning. Additionally, the adjoining land at 2 Balham Grove comes with approved consent for a four-bedroom house, adding a layer of development upside.
Balham’s vibrant high street, excellent transport links via the Northern Line and National Rail, and affluent demographic—average household income of £62,444 and 51% holding Level 4+ qualifications—make this a prime location for sustained capital and rental growth. With a quoting price reflecting just £475 psf on the commercial and £665 psf on the residential, this asset offers clear value against local market comparables.