***VIEWINGS ARE STRICTLY ACCOMPANIED AND BY APPOINTMENT ONLY BETWEEN 2.30 PM AND 4.30 PM WHEN THE BUSINESS IN CLOSED.
London Victoria Properties Limited are delighted to offer on the market this
entire freehold opportunity comprising ground floor and basement A3 restaurant
premises with residential above at 1st and 2nd floors. (Shop with Uppers).
We are instructed to sell the property, sole agency, under 1 title deed, on an
unconditional, Subject to Contract only basis.
The property would suit A3 restauranteurs, takeaway operators, investors who
may wish to purchase the site and lease out and developers who may wish to
decrease the commercial areas and for instance build a studio apartment in the yard (Subject to Granting of Usual Planning Consents).
The property currently comprises:
COMMERCIAL, A3 RESTAURANT CLASS USAGE PREMISES
Ground Floor comprising:
Prep Area: 11.12 ft x 11.06 ft = 122.98
Fish Room Area: 11.20 ft x 6.04 ft = 67.65
Front Shop Area: 12.14 ft x 26.51 ft = 321.83
15.68 ft x 26.34 ft = 413.01
Storeroom and Extractor Fan: 12.46 ft x 9.01 ft = 112.26
Gross Internal Area approx: 1037.73 sq ft
We would hope to achieve a Projected rental income for the restaurant and
basement in the region of: £25-£30 per sq ft. This would equate to a rental
of: £25,943.25-£31,131.90 per annum. FREEHOLD OFFERS INVITED FOR THE COMMERCIAL RESTAURANT ONLY: OFFERS SOUGHT IN EXCESS OF £357,142.
Double Bedroom (rear facing): 11.20 ft x 13.73 ft = 153.77
Bathroom and WC: 7.73 ft x 7.97 ft = 61.60
Kitchen: 12.77 ft x 9.77 ft = 124.76
Lounge/Additional Bedroom (front facing): 12.66 ft x 15.70 ft = 198.76
Double Bedroom (rear facing): 13.31 ft x 10.10 ft = 134.43
Further Double Bedroom (front facing): 16.19 ft x 12.72 ft = 205.78
2 Attic Space offering potential for conversion to residential
TOTAL GROSS INTERNAL AREA FOR UPPERS: 879.10
At the present time, to rent out the 4 bedroom accommodation, we would hope to achieve a rental income of £650 per month, per room, so £7,800 per room, per annum. £7,800 x 4 = £31,200 per annum. FREEHOLD INTEREST: Most investors at the present time would be seeking a yield of between 6-7%. Therefore a rental income of £31,200 per annum so £31,200 divided by 0.06 equates to a sale price in the region of: £520,000 or 7% yield equates to £445,714.
FREEHOLD OFFERS INVITED FOR THE RESIDENTIAL UPPERS ONLY: OFFERS SOUGHT IN
EXCESS OF £445,714.
Restaurant: Offers in excess of £357,000
Residential: Offer sought in excess of £445,714
FOR ENTIRE FREEHOLD INTEREST, ON ONE TITLE DEED, WE WOULD RECOMMEND OFFERS
INVITED IN EXCESS OF £850,000.
Less than 5 minutes walk from Southside Shopping Centre at Wandsworth. Approx 10/15 minutes walk from Earlsfield train station,
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