July 2023: Tuesday 18 July 2023 - 9:00am
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    Key features

    • 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

    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.

    Additional information

    Tenure

    Freehold.

    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

    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.

    Rent

    Total income £101,200 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      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)

      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