Retail premises for sale in Balham High Road, London SW12, £1,950,000

1,950,000.00

Offer Nr.:
65022969
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Savills - National Auctions
Phone(s):
020 8022 4160

* Investment let at £101, 200
* P. a.
* A freehold property situated in a prime corner position in central Balham
* Six storey period building extending to approx. 2, 724 sq. Ft gia
* Comprising a mix of commercial units on ground and lower floors, a vacant space on the 1st Floor and a residential 2/3 bedroom flat on the upper floors
* Potential to refurbish the first floor unit as well as potential to extend the existing building to the rear (subject to necessary consents)
* Thriving neighbourhood with a strong retail offering
* Excellent transport links
**Strapline**
Auction Sale - 18/07/2023
A freehold property situated in a prime corner position in central Balham.
Comprising a mix of commercial units on ground and lower floors and a
residential flat across the upper floors.
Investment let at £101, 200 p. a.
**Description**
The property comprises:
* A retail unit at ground and lower ground floor levels let to Edward James Salon
* Vacant first floor commercial unit
* 2/3 bedroom flat across the upper floors
There is potential to refurbish the first floor unit or incorporate it into
the residential flat, subject to obtaining the necessary consents. Also
potential to extend the existing footprint of the building to the rear.
**Location**
The property is located in a prominent position in central Balham within the
London Borough of Wandsworth at the corner of Balham High Road and Ramsden
Road.
Balham is a thriving neighbourhood located in leafy South West London and is
popular with young professionals and families alike due to the local amenities
and excellent transport links on offer.
Occupiers on the main High Road include Waitrose, Boots, Oliver Bonas, Joe and
the Juice and Planet Organic.
A number of independent shops and cafes are located on pedestrianised Hildreth
Street and Soho House launched Little House Balham in 2021.
The property is located 0. 1 miles north of Balham station which benefits from
London Underground and Southern Railway services to Central London.
**Transport**
Underground - Balham (Northern)
National Rail - Balham (Southern)
**Tenancy**
_Ground & Lower Ground: _
Tenant: Edward James Hair Salon
Rent: £70, 000 p. a.
_First Floor: _
Vacant
_Second, Third & Fourth Floors: _
Residential Flat
Rent: £31, 200 p. a.
_Total Rent Producing: £101, 200 p. a. _
**Accommodation**
_Ground & Lower Ground: _
Total gia: 1, 258 sq. Ft
_First Floor: _
Total gia: 309 sq. Ft
_Second, Third & Fourth Floors: _
Total gia: 982 sq. Ft
_Total gia: 2, 724 sq. Ft_

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