43 St Johns Rd 1,697 sq ft Retail Property London SW11 1QW £1,250,000 (£736.59/sq ft)

St John's Road is the principal street at the heart of Clapham Junction in Wandsworth in the southwest quadrant of metropolitan London to the south of the
river Thames and approximately 5 miles from the centre. The surrounding area between Clapham Common and Wandsworth Common is a well-established and sought after residential location of high value houses and flats and the area to the north has local authority housing creating a diverse customer base.
St John’s Road is the main artery connecting Lavender Hill and Clapham Junction station to the Northcote Road – a busy market street with a popular café and
restaurant sector. There are many national retailers along St John’s Road including Marks and Spencer Foods, Waitrose, Boots, TK Max, Clarks, Waterstones, Rymans, Holland and Barratt, J D Sports and Superdrug. Nat West, Lloyds and Metro have branches in the road. The character of St John’s Road is shaped by a blend of historic buildings such as the iconic former Arding and Hobbs department store now a restaurant, office and health club and an energy from a constant footfall of shoppers and commuters. The property is on the east side of the street in the central section next to Marks and Spencers and opposite Waitrose giving it a prime position within the street. Although St John’s Road is semi pedestrianised it is major route for buses from surrounding centres and into central London. Clapham Junction station one of the busiest junctions in the UK has services on Southwest, Southern and London Over
ground lines.
The property is a three storey terraced building which comprises a shop to the ground floor and two floors above. It is wholly occupied by a hair and beauty salon trading as So Me Beauty and Wellness. The ground floor has a reception area and is fitted with hairdressing and washing stations and a separate treatment room. There is a customer WC washroom and staff kitchenette. The upper floors are accessed via an open plan staircase. The first and second floors are partitioned to provide treatment rooms and a WC washroom. The fit out is to a high specification.
Floor Areas:
Ground floor 720ft² (67.0m²)
First floor 656ft² (61.2m²)
Second floor 514ft² (47.8m² )
Total (net internal area) 1,890ft² (175.9m²)

Guide Price: £1,250,000 for the Freehold interest (subject to lease)

TENANCY
The whole property is let to Karamiya Properties Limited (trading as So Me Beauty and Wellness) on lease for a term of 15 years from 19 December 2025. There is a tenant break clause on the 5th anniversary of the lease (19th December 2030). There is a director’s personal guarantee and a security deposit of £42,500.
The rent is £80,000 p.a. increasing to £85,000 from 19 December 2027 and £90,000 p.a. from 19 December 2028. There are upward only reviews to open market rent on the 5th and 10th anniversaries of the lease. The lease is on full repairing and insuring terms with the Tenant liable for business
rates, repairs and decoration and building insurance premium.