£1,250,000
(£667.38/sq. ft)
Property for sale2 Hebden Place, Nine Elms, London SW8
1,873 sq. ft
EPC Rating: F
About this property
Situated adjacent to the recently developed Nine Elms underground station providing access to the Northern Line, and next door to the entrance of a large Sainsbury’s supermarket, with other nearby occupiers being Waitrose, Starbucks, The Alchemist, and District Coffee
Nine Elms forms part of the larger Vauxhall Nine Elms Battersea (vneb) Opportunity Area, which is one of the largest regeneration projects in Europe and most exciting urban regeneration projects that London has ever seen
Affluent demographic - with 59% of the population categorised ‘City Sophisticates’ (16.2x larger than the national average) and 40% categorised affluent ab social grade (against a national average of 22.3%)
The property has a low EPC rating of b-37
The property comprises a commercial unit set across ground floor (totalling 1,873 sq. Ft gia), situated beneath the landmark Nine Elms Point residential scheme
The tenant has committed significant CapEx investment in undertaking a comprehensive fitout since taking the unit in Shell & Core condition
Let to an upmarket independent Chinese supermarket operator for a 20-year term expiring June 2039, with 5 yearly breaks (13.50 years to expiry and 3.50 years to break) at a passing rent of £112,300 per annum
Subject to 5 yearly rent review to the higher of passing, open market, or uncapped/collared rpi. Next review June 2029
Lease contracted outside the 1954 Act security of tenure protection
To be sold via existing 999-year long lease at a peppercorn rent
Unit E, Hebden Place is a prominently positioned ground-floor commercial unit within the Nine Elms Point development on Wandsworth Road, close to the junction with Nine Elms Lane. The mixed-use Nine Elms Point scheme comprises approximately 645 residential apartments, commercial units, affordable workspace and a Sainsbury’s superstore, set within a fully regenerated and densely populated urban environment.
The unit is fully open plan and benefits from a large, highly visible corner position with an extensive fully glazed frontage, providing excellent natural light and strong street presence. The property enjoys an impressive ceiling height of approximately 5 metres, offering flexibility for a range of commercial and retail layouts.
The unit benefits from its own dedicated street entrance directly from Wandsworth Road, enhancing accessibility and prominence. Historically consented for Class A1/A2/A4 and D1 uses (now falling within Class E under the revised Use Classes Order, subject to confirmation), the unit offers versatile accommodation well suited to retail, food, leisure, and medical occupiers.
It is currently let to 0086 Limited, trading as a Chinese supermarket, providing a complementary specialist retail offer alongside the adjacent Sainsbury’s superstore.
Location
Located within the London Borough of Lambeth in south London, the property is within the Nine Elms Point development constructed in 2019 and enjoys a prime position in the heart of Nine Elms, one of London’s most ambitious and successful regeneration areas.
Situated immediately adjacent to the new Nine Elms Underground Station (Northern Line extension) and next door to a major Sainsbury’s supermarket, the property benefits from exceptional visibility, footfall, and accessibility.
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