Freehold Property to buy in London

Key points

• Single ownership freehold site
• Site area extends of c. 0.27 acres (c. 0.11 hectares)
• Existing building extends to c. 14,667 sq. ft. NIA (19,138 sq. ft. GIA)
• Ability to increase the massing on site following positive planning discussions for redevelopment
• The building is currently c. 60% let on short-term licence/lease agreements with gross rents of c. £45 psf (inclusive of SC, rates), with a current rental income of £380,200
• Recent refurbishment works on the common areas- Reception/Kitchen/Break out areas
• The site forms part of a Locally Significant Industrial Area (LSIA), which seeks to promote commercial and industrial uses
• Surrounding occupiers include a range of self-storage, automotive, light industrial and distribution businesses
• The site is located just 0.35 miles from Earlsfield train station with direct links to Clapham Junction and Waterloo
• Guide Price: Offers in excess of £3.0m