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    Key features

    • Freehold Mixed Use Investment
    • Retail Unit and Two Flats
    • Ground Floor Let - Expiring 2028
    • 2 x Flats Vacant
    • Asset Management Potential Via Letting
    • ERV Approx £55,000 per annum
    • Development Potential (subject to consents)
    • Prominent Corner Pitch
    • VAT-Free Investment
    • Guide Price Reflects 8.14% GIY on ERV

    Description

    The property comprises a freehold mixed-use investment opportunity with a number of asset management opportunities and situated on a prominent corner pitch in a sought after area.

    Arranged across basement, ground and first floors, the property comprises a retail unit to the ground floor and basement, with a self-contained studio flat to the rear and a further three bedroom flat to the first floor.

    The ground floor is let to private individuals trading as a dry cleaners on a five year lease expiring 03.01.2028 and paying £12,500 per annum. The lease includes a rent review in July 2025 and has a rolling landlords break option with six months notice. We therefore consider the ground floor offers multiple asset management opportunities via regearing of the existing lease and improvement of the rents.

    The rear studio flat to the ground floor is currently vacant, however we understand it was previously let for £14,400 per annum. The first floor comprises a further three bedroom flat accessed from Clonmore Street, whilst the flat is currently vacant we understand it was previously let for £26,700 per annum.

    We consider the property may offer development/conversion potential via reconfiguration to provide a large 3/4 bedroom single dwelling, subject to obtaining the necessary consents.

    The property occupies a prominent corner pitch with an attractive frontage to Brookwood road and a return frontage to Clonmore Street. The area is characterised predominantly by residential use, with a mix of terraced houses and flats, with some local retail amenity. The property is incredibly well located for the amenities of Southfields, with the principal retail area and underground station approx 0.3 miles from the property.

    Additional information

    Tenure

    Freehold

    Accommodation


    Retail Unit


    • Ground Floor - 494 sq ft (45.87 sq m)
    • Basement - 263 sq ft (24.40 sq m)
    • Total Retail - 756 sq ft (70.27 sq m)


    First Floor Flat


    • 775 sq ft (72.00 ssq m)


    Ground Floor Studio


    • 226 sq ft (21.00 sq m)


    Total Area - 1,757 sq ft (163.27 sq m)


    Please note the property has not been internally inspected by Savills and floor areas have been provided by the Vendor.

    Rent

    £12,500 per annum
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      Local information

      • Southfields Underground - 0.3 miles

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums