Freehold Sale - Investment Opportunity - Clapham High Street

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• Tenure: Freehold interest.
• The property is a commercial building comprising ground floor lock up shop and residential upper parts.
• Shop and premises: Lock up shop unit currently used as a restaurant. Permitted user: Class A3 of Town & Country Planning (Use Classes) Order 1987: Building was built around 1950.
• The commercial lease is a FRI lease with a term of 14 years which started from 4th October 2017 for £23,400.00 p.a with 3 yearly rent reviews (upwards only).
• The total Sq.ft of the ground floor commercial restaurant was measured at 485.5 Sq.ft. The restaurant has now been fully refurbished by the new tenant so best to re-measure.
• 9A is the upper floor of the building which comprises of a purpose built self-contained maisonette set over two floors. Residential: first floor: reception room and kitchen. Second floor: two bedrooms and bathroom. External: Roof terrace and retail storage area. Size: around 75.2m2.
• Long Lease Interest: The residential portion of the property is of Leasehold of Tenure is: 99 years from 25 June 1979. The lease was extended in 2019 for another 99 years and ground rent is now pepper corn.