LONDON - COMMERCIAL & RESIDENTIAL INVESTMENT PROPERTY IN BATTERSEA
Battersea, London
Ref: 48852
£550,000
Freehold
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Key Features
Precis
Rare mixed-use investment opportunity in the heart of Battersea.
Location
The property is situated in the Battersea area of London, within the London Borough of Wandsworth. The area is centered approximately 3.5 miles southwest of Charing Cross and is one of the most sought after residential and commercial areas of London. The area has seen an uplift in desirability in recent years, fuelled by the Battersea Power Station redevelopment. Battersea is famed for its stunning 200 acre mature, Victorian park which offers a lake, ecological areas and recreational activities including tennis courts, children's playgrounds and cafes.
Whilst easily accessible by road, the area benefits from first-rate transport connections, with Clapham Junction being approximately 0.6 miles away, offering links to London Victoria, London Waterloo and Vauxhall.
Whilst easily accessible by road, the area benefits from first-rate transport connections, with Clapham Junction being approximately 0.6 miles away, offering links to London Victoria, London Waterloo and Vauxhall.
Property
573 Battersea Park Road is a three-storey end-of-terrace property. Constructed of brick, it is understood that the property originally formed part of a paper factory. The property has been well invested in in recent years and is well presented throughout.
The property comprises:
573 BATTERSEA PARK ROAD
Lessee: Individual
Accommodation: Ground floor Class E unit. Approximately 36.86 m² (GIA)
Lease Details: 25 years commencing 2024. Part repairing and insuring. Landlord & Tenant Act 1954 protected. Rent deposit £6,000 held. Rent review every tenth year.
Current Rent: £33,000 per annum
573B BATTERSEA PARK ROAD
Lessee: Individual
Accommodation: First and second floor maisonette. Two double bedrooms, two shower rooms, open plan lounge and modern kitchen (measuring approximately 66.3 m² (GIA). Suntrap roof terrace.
Lease Details: 200 years commencing 2024. Full repairing and insuring. Landlord & Tenant Act 1954 protected. Sub-letting permitted.
Ground Rent: £1,200 per annum
The property comprises:
573 BATTERSEA PARK ROAD
Lessee: Individual
Accommodation: Ground floor Class E unit. Approximately 36.86 m² (GIA)
Lease Details: 25 years commencing 2024. Part repairing and insuring. Landlord & Tenant Act 1954 protected. Rent deposit £6,000 held. Rent review every tenth year.
Current Rent: £33,000 per annum
573B BATTERSEA PARK ROAD
Lessee: Individual
Accommodation: First and second floor maisonette. Two double bedrooms, two shower rooms, open plan lounge and modern kitchen (measuring approximately 66.3 m² (GIA). Suntrap roof terrace.
Lease Details: 200 years commencing 2024. Full repairing and insuring. Landlord & Tenant Act 1954 protected. Sub-letting permitted.
Ground Rent: £1,200 per annum
The Business
The business is unaffected by this sale.
Tenure
FREEHOLD £550,000. The sale is subject to the existing lease agreements.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Services
All main services are connected.
Local Authority: London Borough of Wandsworth
Local Authority: London Borough of Wandsworth
Enquire about this listing
Robert Cockayne
South East & London
