Georgie Griffiths

• Southfields is an affluent and popular commuter destination in South West London located within the Borough of Wandsworth.
• The property is situated in an extremely prominent corner
position directly opposite Southfields Underground Station (Zone 3) with approximately 5.8 million users each year.
• Southfields is the main London Underground station for the Wimbledon Tennis Championships attracting over 500,000 spectators each year.
• Well configured retail unit recently refurbished and used as a café over ground and basement totalling 1,547 sq ft and an external ATM.
• New lettings to Gail’s Bakery and NatWest Bank producing a Weighted Average Unexpired Lease Term of 13.9 years to expiry and 9.2 years to break.
• Total rent passing of £66,500 per annum.
• Undoubted covenants Gails Bakery (2A2) and NatWest Bank (5A1).
• No rent arrears and Gail’s were deemed an essential retailer who continued trading during Covid-19 lockdown.
• Gail’s low base rent has potential for reversion at next review in December 2024.
• Virtual Freehold (999 years).
• The vendor is willing to sell the Freehold including residential upper parts – £POA.

• Oxford is a world-renowned university city, with an affluent population and strong local economy.
• Well-connected with an extensive catchment population and key tourist destination, with approximately 7 million visitors each year.
• Premier retailing destination in the UK, attracting high profile domestic and international brands.
• 100% prime pitch situated on Queen Street opposite the new entrance to The Westgate Centre which has recently undergone redevelopment.
• An attractive 5-storey mid-terrace high-street property comprising 2,314 sq ft (214.97 sq m), arranged over basement, ground and three
upper floors.
• Let to Martin & Claire Andrew, trading as Essential for a term of 10 years from 27th September 2018, expiring 26th September 2028.
• Attractive income profile of over 8 years unexpired.
• Passing rent of 130,000 per annum (£261 ZA) subject to 5 yearly upwards only open market value rent reviews. The next review is September 2023.
• Freehold.

The property comprises a modern, purpose built
convenience foodstore of 4,000 sq ft GIA arranged over
ground floor level with residential apartments above.
The tenant benefits from rights to use 12 customer
parking spaces to the front of the store, with 2 staff
spaces to the rear.
The property provides an instore bakery, ATM and offers
click and collect for Argos and Sainsbury’s TU range.