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23 commercial properties to buy were found in the following location:

  • London

Size 0 to 2500+ m2
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Unit 4/4a Russell Hill Place,
Purley CR8

£750,000

    Property features

  • Industrial
    (Industrial)
  • Dimensions: 308 m2
    (3312 ft2)

The premises comprise of two adjoining car workshops with forecourt area. Unit 4 provides car workshop on the ground which includes a car spray oven. To the mezzanine floor are 3 office rooms together with fully fitted kitchen and bathroom/Wc. Unit 4A comprises a single storey car workshop.

Location: Purley is located approx. 13 miles south of London. Nearby towns include Croydon approx. 3.5 miles North. A23 links up with the M23 and M25. Purley mainline station provides regular services to London (Victoria), London Bridge, and Gatwick airport. The property is situated within the town centre close to the town’s retail shops, bars and restaurants. Mainline station is also within walking distance.

Terms & conditions: Both units are currently tenanted by one occupier. The premises will be sold subject to a 1 year tenancy from the 1st December 2018. The tenancy is outside the Landlord and Tenant Act 1954 in terms of rights to renew at the end of the term. Net rent for the year £20,040.

Business rates: Unit 4 Rates payable for the year to 31/03/2019 £7,080. Unit 4a Rates payable for the year to 31/03/2019 £3,600

Sale: £750,000 for the long leasehold interest subject to the short term tenancy and the fixtures and fittings

Unit 4B Russell Hill Place,
Purley CR8

£555,000

    Property features

  • Industrial
    (Industrial)
  • Dimensions: 135 m2
    (1453 ft2)

The premises have been refurbished and comprise 2 fully fitted workshops together with office and storage area. To the front is an open yard area.

Location: Purley is located approx. 13 miles south of London. Nearby towns include Croydon approx. 3.5 miles North. A23 links up with the M23 and M25. Purley mainline station provides regular services to London (Victoria), London Bridge, and Gatwick airport. The property is situated within the town centre close to the town’s retail shops, bars and restaurants. Mainline station is also within walking distance.

Terms & conditions: The long leasehold interest is a shown yellow on the plan attached. The lease is for a period of 999 years with effect from 24th June 1922. Hence just over approx. 902 years remaining. We understand that the ground rent is less than £50 per annum. There will be a prohibition within the lease for redevelopment for residential purposes.

Business rates: The rateable value for the property is £8,600. Approx. Business rates payable for the year to 31/3/19 is £4,200. However, the occupant maybe entitled to small business rate relief especially if this is their only business premises. This could result in their being no rates liability. Any interested party should discuss directly with Croydon Business rates department.

Sale: £550,000 for the long leasehold interest together with all the fixtures and fittings.

3 Replingham Road,
Southfields SW18

£1,400,000

    Property features

  • Retail
    (Mixed use)
  • Dimensions: 266 m2
    (2861 ft2)

The subject property is a late Victorian building, built approximately in 1900 and consists of a ground floor and basement retail unit and first and second floor residential space comprising of flats.

Location: The property is prominently situated on Replingham Road, with Southfields Station (approximately 195 ft) which offers access to the underground (District Line). The local area is a mixture of commercial and residential properties which benefit from excellent transport links, with bus routes along the A3 (Elephant & Castle & Camden Town). Nearby traders include: KFC, Revolution, Gourmet Burger Kitchen, Nando’s, Franco Manca, Aquum and Sainsbury’s.

Terms & conditions: The ground floor and basement retail premises are currently vacant. The Estimated Rental Value (ERV) is in the region of £35,000-£40,000 per annum. The two residential flats to the upper floors, are both let on 12 month AST’s ending in February 2019, producing a total income of £27,600 Per Annum.

Sale: We are instructed to seek offers in the region of £1,400,000 subject to contract.

3 Stanstead Road,
Forest Hill SE23

£500,000

    Property features

  • Retail
    (Mixed use)
  • Dimensions: 138 m2
    (1483 ft2)

Three storey mid terrace property with ground floor commercial (A1) and ground, first and second floor residential (C3).

Location: The subject property is located approximately 0.2 miles from Forest Hill Station providing access to the Overground and Southern services. Bus routes (122, 185 & 356) are located close to the subject property. Forest Hill provides a mixture of national retailers and local independents, nearby retailers include Co-op Food, Careers Lewisham, EJ Carpets and Westbourne Café.

Terms & conditions: Freehold Mixed Use Premises

Business rates: We understand that the current Rateable Value is £4,500, perspective tenants are strongly advised to contact the local authority (Lewisham) for the appropriate business rates.

Sale: £550,000

10 Church Street,
Kingston KT1

£1,800,000

    Property features

  • Retail
    (Retail)
  • Dimensions: 95 m2
    (1025 ft2)

The subject property was built c. 1783 and provides access to both Church Street (10) and Union Street (23a). The property consists of a basement, ground floor and first floor retail shop (A1) with ancillary office space and storage in accordance with the Town & Country Planning (Use Classes) Order 1987, as amended 2005.

Location: The subject property occupies a prominent position on the popular Church Street, located in the Kingston Old Town conservation area. Church Street links to Clarence Street, approximately 160 metres north of the subject property. The nearby occupiers include but are not limited to Accessorize, scribbler, L’OCCITANE, Karen Millen, Rituals, Links of London and LUSH. The area has benefited from recent local authority investment who last year undertook refurbishment including new paving and street furniture.

Terms & conditions: Freehold. Proposal: We have been instructed to seek offers in excess of £1,800,000 subject to contract and exclusive of VAT, for the freehold interest. The price reflects a net Initial yield of 3.85% (allowing for purchasers costs of 5.92%), whilst also providing significant reversionary yield uplift potential. Tenancy: An overriding FRI lease for the building is held by Boots Opticians Professional Services Limited. Hotel Chocolat Limited currently occupy the premises as the subtenant with a passing rent of £73,500 per annum expiring 31st May 2019.

Sale: We have been instructed to seek offers in excess of £1,800,000 subject to contract and exclusive of VAT, for the freehold interest

BOATMAN HOUSE PROSPECT STREET,
SE16

£500,000 / POA pa

    Property features

  • Retail
    (Retail)
  • Dimensions: 123 m2
    (1324 ft2)

A ground floor and lower level which would suit A1, A2, A3, A4, D1, D2 (subject to change of use).

Location: The property is situated in a prominent position on Jamaica Road, approximately 0.2 miles from Bermondsey (Jubilee Line) tube station. The local area is a mixture of commercial and residential properties with a number of local retailers and restaurants. Traders close by include Sainsbury’s local, William Hill, Natural Nails & Spa and City Cruises.

Terms & conditions: Long Leasehold basis, terms to be agreed.

Business rates: The premises have not yet been rated, enquiries can be made via the relevant Local Authority

Rent: ROA

Sale: £500,000 subject to contract. (Client may consider to rent the premises)

15 Bute Street,
SW7

£1,000,000

    Property features

  • Retail
    (Retail)
  • Dimensions: 98 m2
    (1058 ft2)

The retail unit (A1) is in excellent condition and arranged over ground and basement levels. The subject property is one of the largest on Bute street and retains a prominent pitch.

Location: The subject property is positioned in a sort after area, close to Old Brompton Road and South Kensington underground station. South Kensington is an affluent area with high footfall, including tourists. Nearby occupiers include, Hummingbird Bakery, Oddono’s, Ceru, South Kensington Club and Kinleigh Folkhard and Hayward residential office.

Terms & conditions: SUBJECT TO CONTRACT - LONG LEASEHOLD INTEREST FOR SALE

Business rates: The rateable value as of April 2017 is £37,250. We understand that the business rates will be in the region of £18,500 per annum, however we strongly suggest contacting Kensington & Chelsea Local Authority for more information.

Sale: £1,000,000 for the long leasehold interest.

635 Garratt Lane,
Earlsfield SW18

£725,000

    Property features

  • Investment
    (Mixed use)
  • Dimensions: 138 m2
    (1482 ft2)

The subject property fronts on to Garratt Lane. The property consists of a ground floor D1 unit in accordance with the Town & Country planning act 1987 and first and second floor residential space (C3) comprising 3 flats. The ground floor retail unit is occupied by Earlsfield Dental Practice. The upper parts comprise two flats arranged over two floors.

Location: The property is located within 2 minutes of Earlsfield Station on the busy thoroughfare of Garratt Lane (A217), other nearby retailers include Dominos, Ladbrokes, Goodfellas, Café La Pernella and Meat Rack. The property benefits from excellent transport links with Earlsfield train station (South Western Trains) 0.3 miles away which provides access to Waterloo, Tooting Broadway Underground Station is also 1.1 miles (Northern Line). Several local bus routes also run along Garratt Lane such as 77, 270 and 44.

Terms & conditions: Tenancy. The ground floor retail premises are let to Earlsfield Dental Practice on an internal repairing and insuring lease for a term of 15 years from 1st February 2016, expiring on 31st January 2031, with a break at year 8. The current commercial annual rent is £14,000 per annum and is subject to an open market rent review at the end of the fifth year. The lease is held inside the provisions of the Landlord and Tenant Act 1954 Pt II s.24-28. Flat A is sold off for term of 99 years from June 1989 (70 years remaining) providing a ground rent of £75 rising to £300 and additional rent. Flat B and C are currently let on an Assured Shorthold Tenancy Agreement at £1,100 and £1,000 respectively. The combined income stream is £36,800 per annum. Planning: Under the Town and Country Planning (Use Classes) Order 1987, the retail premises has a permitted user clause for class D1 (Non-Residential Institution). And C3 Dwellings above with planning permission for a loft conversion.

Sale: We are instructed to seek offers in excess £725,000.00 subject to contract. A purchase at this level would reflect a net initial yield of 4.83%, having allowed for purchaser’s costs at 5.05%.

21 Smiths Yard, Summerley Street,
Earlsfield SW18

£599,500

    Property features

  • Offices
    (Offices)
  • Dimensions: 118 m2
    (1268 ft2)

The property fronts Smith’s Yard, which is a mixture of two storey modern offices set around a court yard and residential flats. The ground floor provides mainly open plan accommodation together with kitchenette and Disabled WC and the basement is all open plan.

Location: Earlsfield is situated in SW London within 3 miles of Wimbledon and 1.75 miles of Wandsworth. The local area has a number of bars, restaurants and shops fronting onto the nearby Garratt Lane. Earlsfield Station is within 0.1 miles and provides a regular mainline service into London (Waterloo/Clapham Junction). The subject premises are situated on Summerley Street very close to its junction with Garratt Lane.

Terms & conditions: The premises currently have planning permission for a B1 Office Use, but planning has been applied for D2 (Assembly & Leisure). Our clients would also consider D1 (Non-residential institutions), subject to planning approval.

Business rates: To be assessed

Rent: £40,000 per annum exclusive

Sale: £599,500 for the freehold.

363-365 Clapham Road,
SW9

£9,500,000 / £600,000 pa

    Property features

  • Offices
    (Offices)
  • Dimensions: 1479 m2
    (15924 ft2)

The office forms part of a large mixed use development and is located to the rear of the development over the ground and lower ground floor. The premises can be provided fully fitted to the ingoing occupier’s specification or provided as a shell

Location: The property is situated on the eastern side of Clapham Road, close to the junction with Mayflower Road. Clapham North (Northern Line) Underground Station is within 0.2 miles and Clapham High Street (Overground) Station is within 0.3 miles of the subject property.

Terms & conditions: Freehold/or alternatively our client will grant a new FRI lease for a term by negotiation. Completion of the development is anticipated to be circa June 2019

Business rates: To be assessed

Rent: £600,000 per annum.

Sale: £9,500,000

36 Lower Richmond Road,
SW15

£499,500

    Property features

  • Investment
    (Mixed use)
  • Dimensions: 71 m2
    (765 ft2)

The property comprises a ground floor retail unit and first floor one bed residential flat accessible via Ruvigny Gardens

Location: The Property is located on the northern side of Lower Richmond Road at its junction with Ruvigny Gardens The unit benefits from excellent transport links with Putney Station (South Western Trains) 0.6 miles away and East Putney Station (District Line) 0.5 miles, plus a number of bus routes. The local area is a mixture of local retailers and restaurateurs, nearby traders include Social Brew, City Paws Club and Putney Design & Print.

Terms & conditions: The ground floor retail premises are let to Riverside Cobbler on a FRI lease for a term of 10 years from 25th June 2015 at a passing rent of £10,000 per annum, subject to an open market rent review on the 24th June 2020. The lease is held inside the provisions of the Landlord and Tenant Act 1954 Pt II s.24-28. The first floor residential flat is occupied on an AST with an annual income of £16,333. Total income is £26,333 per annum.

Sale: We are instructed to seek offers in excess £499,500 subject to contract. A purchase at this level would reflect a net initial yield of 5.04%, having allowed for purchaser’s costs at 4.70%.

43 Dartmouth Road,
Forest Hill SE23

£349,500

    Property features

  • Retail
    (Mixed use)
  • Dimensions: 85 m2
    (920 ft2)

A unique freehold opportunity benefitting from A1 use class to the ground and basement and C3 to the first and second floors.

Location: The property is situated in a prominent position on 43 Dartmouth Road, positioned close to Forest Hill station (0.1 miles) which offers access to Overground and Southern trains. The local area is a mixture of commercial and residential properties which benefit from excellent transport links, with various bus routes along Dartmouth Road. Traders nearby include BOOTS, Barclays, Je Mirto, Pound Plus, William Hill.

Terms & conditions: Freehold;

Business rates: We are advised that the rateable value is £5,700, respective buyers are strongly advised to contact the Local Authority (Lewisham) for the appropriate business rates.

Sale: £369,500 subject to contract with vacant possession.

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