A rare opportunity to purchase a mid-terrace, unbroken, mixed-use freehold property in Clapham. The building is fully let, provides a restaurant (A3 use class) over the basement & ground floors, and 2 self-contained apartments across first and second floors.
The upper parts are arranged as a one bedroom flat on the first floor measuring c.504sqft, and a two bedroom flat on the second floor measuring c.625sqft. The large one bedroom flat is let to a regulated tenant at a passing rent of £1,343pcm, whilst the two bedroom flat is let on an AST at a passing rent of £1,250pcm. Clearly the two bedroom flat is considerably underlet, and there is certainly scope to increase the rent in the short term to c.£1,850pcm. Both residential apartments benefit from front access and are in good condition throughout.
In terms of development potential, there appears to be scope to extend and re-configure both units into larger 2 and 3 bedroom flats (stpp).
The commercial unit is let to a restaurant at a passing rent of £30,000pa, with 6 years remaining on the lease. There are no breaks, and there is a rent review due in 2022. The property is located in a very popular area of South West London. It sits on the doorstep of Clapham & Wandsworth common, Clapham Junction Railway Station, and many of South London's most popular retail & restaurant destinations. Battersea Rise includes a mixture of commercial & residential properties, and is certainly a high value area in terms of rental & re-sale values.