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2 Battersea Rise 2,022 sq ft Retail Property London SW11 1ED £1,680,000 (£830.86/sq ft) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Mixed-use freehold building of brick construction
- First, second and third floors comprise a 4-bed maisonette
- Ground floor and lower ground floor are currently occupied as a high quality wine bar and restaurant
EXECUTIVE SUMMARY
Rarely available mixed use investment in one of the most sought after locations in South West London.
Excellent connectivity being only 0.39 mile (8 minute walk) from Clapham Junction, one of the Europe’s busiest transport hubs with approximately 500,000 passengers and 2,000 trains per day.
Prominent corner position fronting Battersea Rise, famous for its vibrant mix of restaurants and bars, independent retailers and business services. In close proximity to Northcote Road, Clapham Common and Wandsworth Common.
We are instructed to seek offers in excess of £1,680,000 (One Million Six Hundred and Eighty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 6% on the commercial income and £675 per sq ft on the residential accommodation.
Excellent connectivity being only 0.39 mile (8 minute walk) from Clapham Junction, one of the Europe’s busiest transport hubs with approximately 500,000 passengers and 2,000 trains per day.
Prominent corner position fronting Battersea Rise, famous for its vibrant mix of restaurants and bars, independent retailers and business services. In close proximity to Northcote Road, Clapham Common and Wandsworth Common.
We are instructed to seek offers in excess of £1,680,000 (One Million Six Hundred and Eighty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 6% on the commercial income and £675 per sq ft on the residential accommodation.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,022 sq ft
Costar Property Class
B
Year Built/Renovated
1890/2008
Price
£1,680,000
Price per sq ft
£830.86
Yield
6%
NOI
£100,800
Tenancy
Single
Number of Floors
4
Floor To Floor Height
10 ft
Plot ratio
0.93
Total Plot Size
0.05 ac
Frontage
58 ft on Lavender Walk
AMENITIES
- Bus Route
- Raised Floor
- Signage
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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2 Battersea Rise
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