• For sale
Prime High Street Investment Situated in Affluent London Neighbourhood

For Sale

£1,255,000 GBP Pound Sterling

• 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.

Property Details