£325,000
(£335.05/sq. ft)
Restaurant for saleBedford Hill, London SW12
970 sq. ft
Just added
About this property
Prime Balham Location
Long Leasehold
Class E
10% Upward-Only Rent Reviews
Immediate Rental Income
Established occupiers
Ground Floor and Basement
No Service Charge
Future Owner-Occupier Potential
Residenza are delighted to present this prime long leasehold Class E commercial premises situated on the highly sought-after Bedford Hill, just a 5-minute walk from Balham Underground and National Rail Station.
The property is currently let on a 9-year lease from May 2024, producing a rental income of £22,000 per annum, equating to a gross yield of approximately 6.76% at the asking price.
The lease benefits from 10% upward-only rent reviews every three years, with the rent increasing to £24,200 per annum from August 2026, improving the gross yield to approximately 7.44%. The property comprises a ground floor retail unit with additional basement accommodation, including a secondary seating area, kitchen and full bathroom, offering excellent flexibility for a range of Class E uses.
Benefiting from no service charge, low landlord outgoings and excellent footfall, this is an outstanding opportunity for investors seeking secure, growing income or business owners looking to secure a well-positioned commercial premises with future owner-occupier potential.
A buyer"s fee of 2% plus VAT is payable on this sale.
For viewings and more information, please get in touch with our commercial team at Residenza Properties Tooting.
The property is currently let on a 9-year lease from May 2024, producing a rental income of £22,000 per annum, equating to a gross yield of approximately 6.76% at the asking price.
The lease benefits from 10% upward-only rent reviews every three years, with the rent increasing to £24,200 per annum from August 2026, improving the gross yield to approximately 7.44%. The property comprises a ground floor retail unit with additional basement accommodation, including a secondary seating area, kitchen and full bathroom, offering excellent flexibility for a range of Class E uses.
Benefiting from no service charge, low landlord outgoings and excellent footfall, this is an outstanding opportunity for investors seeking secure, growing income or business owners looking to secure a well-positioned commercial premises with future owner-occupier potential.
A buyer"s fee of 2% plus VAT is payable on this sale.
For viewings and more information, please get in touch with our commercial team at Residenza Properties Tooting.
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