Gross Initial Yield: 6.03%
Rental Income: £19,300 p.a.
VAT is NOT applicable to this property
Comprises ground floor shop and a self-contained flat above (sold-off)
Retail shop benefits from ancillary accommodation at basement
Tenant in occupation since 2014
99 years left on the lease of the residential flat
Located within 0.4 miles from Queenstown Road and Battersea Park Train stations and within 0.5 miles from Battersea Park
Nearby occupiers include number of takeaway/restaurants, barber and dry cleaners.
The property comprises mid-terrace ground floor shop with ancillary accommodation at basement and a self-contained residential flat at first and second floor which has been sold-off on long leasehold.
The property provides the following accommodation and dimensions:
Ground Floor: Retail Shop 59 sq m (635 sq ft)
Basement: Ancillary/Storage 22 sq m (237 sq ft)
First/Second Floor: Residential Flat
Total area size: 81 sq m (872 sq ft)
The ground floor shop is at present let to Decara Home Ltd for a term of 5 years from 14th March 2021 at a current rent of £19,200 per annum and the lease contains full repairing and insuring covenants. Tenant option to determine at any time after 14 March 2022. The first/second floor flat has been sold on long leasehold for a term of 125 Years from 13th June 1995 at a ground rent of £100 per annum.
Battersea is a large district of South West London, England, in the London Borough of Wandsworth. It is centred 3.5 miles (5.6 km) southwest of Charing Cross and extends along the south bank of the River Thames. It includes the 200-acre (0.81 km2) Battersea Park. Battersea is served by three National Rail stations: Battersea Park, Clapham Junction, and Queenstown Road (Battersea). All three stations are in London Travelcard Zone 2. The largest railway station in Battersea is Clapham Junction, to the southwest of the district. The station is a busy interchange, and it serves destinations across London, the South, and South West England. The property is located within 0.4 miles from Queenstown Road and Battersea Park Train stations and within 0.5 miles from Battersea Park. Nearby occupiers include number of takeaway/restaurants, barber and dry cleaners.