Commercial property for sale in London, England

StrapLineAuction Sale - 08/04/2025 Freehold Mixed-Use Investment Opportunity with Evident Asset Management Potential Retail Unit and Two Flats Occupying a Prominent Corner Pitch in an Affluent Area Ground Floor Let at £12,500 per annum with Two Flats Vacant Description The property comprises a freehold mixed-use investment opportunity with a number of asset management opportunities and situated on a prominent corner pitch in a sought after area. Arranged across basement, ground and first floors, the property comprises a retail unit to the ground floor and basement, with a self-contained studio flat to the rear and a further three bedroom flat to the first floor. The ground floor is let to private individuals trading as a dry cleaners on a five year lease expiring 03.01.2028 and paying £12,500 per annum. The lease includes a rent review in July 2025 and has a rolling landlords break option with six months notice. We therefore consider the ground floor offers multiple asset management opportunities via regearing of the existing lease and improvement of the rents. The rear studio flat to the ground floor is currently vacant, however we understand it was previously let for £14,400 per annum. The first floor comprises a further three bedroom flat accessed from Clonmore Street, whilst the flat is currently vacant we understand it was previously let for £26,700 per annum. We consider the property may offer development/conversion potential via reconfiguration to provide a large 3/4 bedroom single dwelling, subject to obtaining the necessary consents. The property occupies a prominent corner pitch with an attractive frontage to Brookwood road and a return frontage to Clonmore Street. The area is characterised predominantly by residential use, with a mix of terraced houses and flats, with some local retail amenity. The property is incredibly well located for the amenities of Southfields, with the principal retail area and underground station approx 0.3 miles from the property. Location Southfields Underground - 0.3 miles Accommodation Retail Unit Ground Floor - 494 sq ft (45.87 sq m) Basement - 263 sq ft (24.40 sq m) Total Retail - 756 sq ft (70.27 sq m) First Floor Flat 775 sq ft (72.00 ssq m) Ground Floor Studio 226 sq ft (21.00 sq m) Total Area - 1,757 sq ft (163.27 sq m) Please note the property has not been internally inspected by Savills and floor areas have been provided by the Vendor.

Commercial property for sale in London, England

Commercial property for sale

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