Retail Units & Shops for sale in South London - London

Self - contained ground floor premises in the heart of Lambert North. The property comprises a self-contained ground floor premises currently fitted as offices which forms part of a larger mixed-use block arranged over 22 floors. The main entrance is located at the Westminster Bridge Road front of the building. There is also a side entrance to the east with rear loading access via a storeroom. The premises provide a mix of open plan and smaller partitioned offices with separate male and female WCs, and a further disabled WC. There is a storeroom at the rear of the offices and a kitchen/break out area to the center. The front of the of the premises benefits with a double height atrium, with circa 6m floor to ceiling height, offering potential to erect a part 1st floor mezzanine. The property also benefits from two car parking spaces demised to the property which are located within a secure basement car park. There is potential to rent additional car parking spaces. Suitable for alternative uses subject to Freeholders consent.

Prime South West London Leisure Park Investment. Park Place Retail are marketing this prime South West leisure park, the salient details of which are:- Zone 3 London location - located in a prominent position on the A24 Merantun Way in Colliers Wood, just 8 miles from Central London. Prime pitch - the scheme is centred in the prime retail and leisure pitch in Colliers Wood. Large and affluent population - just under 50,000 people live within a 5 minute drive time of the subject property, extending to over 415,160 people within 15 minutes, with 46% classified as the highest affluence group ‘City Prosperity’. Diverse tenants - the scheme comprises two A3 units let to KFC and Pizza Hut, a Premier Inn hotel and a Nuffield Health gym with a swimming pool. Income - the property produces a rental income of £1,879,773 per annum. Long WAULT - over 11 years to expiry. Short term uplifts in income - 44% of the income is guaranteed to increase before October 2024. Premier Inn - they form 38% of the income with around 20 years unexpired, and CPI uplifts capped at 4% per annum compounded. Site - a large site area of 2.75 acres, and unusually high number of car parking spaces; 198, for a zone 3 location due to surface level and undercroft car parking. Freehold - predominantly freehold, with 2 long leasehold areas. Asset management potential - immediate term asset management angles and long term redevelopment potential to residential. Offers are invited in excess of £25,160,000. (Twenty Four Million, Three Hundred Thousand Pounds), subject to contract and exclusive of VAT, allowing for purchaser’s costs of 6.74%. This reflects a net initial yield of 7.00%, rising to 7.46% in September 2024, based on the Pizza Hut fixed uplift and Premier Inn predicted uplift based on CPI capped at 4%.