168-180 Clapham High St 12,328 SF 100% Leased Retail Building London SW4 7UG £5,000,000 (£405.58/SF) 7.39% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Clapham is an affluent southwest London suburb, situated 4 miles south of Central London
- The property occupies a strategic position on the main retailing pitch on Clapham High Street
- The property is situated in a significantly large catchment, with 50,852 people living within the 5 minute drivetime radius
- Clapham benefits from excellent transport connections being located on the A3, a major arterial route that connects Clapham to Central London
EXECUTIVE SUMMARY
Two modern self-contained retail units across ground floor and basement. The four upper floors provide 22 self-contained residential apartments which have been sold off on a long lease.
The property also benefits from a portion of undeveloped land situated to the rear, with independent access from Stonhouse Street. This site provides the opportunity for future development and had received planning approval for a residential scheme.
Offers invited in excess of £6,000,000 for the freehold interest. The property is for sale via informal tender on behalf of Joint Fixed Charge Receivers, who are not bound to accept any or the highest offer received. The property can be purchased as a whole but a sale of the separated retail and residential development to the rear will also be considered.
The property also benefits from a portion of undeveloped land situated to the rear, with independent access from Stonhouse Street. This site provides the opportunity for future development and had received planning approval for a residential scheme.
Offers invited in excess of £6,000,000 for the freehold interest. The property is for sale via informal tender on behalf of Joint Fixed Charge Receivers, who are not bound to accept any or the highest offer received. The property can be purchased as a whole but a sale of the separated retail and residential development to the rear will also be considered.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
12,328 SF
Building Class
B
Year Built
1990
Price
£5,000,000
Price Per SF
£405.58
Net Initial Yield
7.39%
NOI
£369,500
Percent Leased
100%
Tenancy
Multiple
Number of Floors
6
Slab to Slab
10 ft
Building FAR
0.66
Lot Size
0.43 AC
Frontage
93 ft on Clapham High St
AMENITIES
- Bus Route
- Commuter Rail
- Public Transport
- Signage
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
