Yield : 5.04%
This well located commercial property for sale in London is based on one of south west London’s busiest high streets, in Streatham. It’s an area that is seeing continued growth, partly due to regeneration and also due to the continued migration of the middle classes along the rail line from Clapham to Balham and then Streatham.
This amazing commercial property investment is arranged across ground, basement and three double fronted upper floors and comprises four adjoining buildings which provide two ground floor banking halls, both with ancillary storage and staff accommodation to the basement, a total of 7,946 sq ft. This property also benefits from first floor staff accommodation.
The upper floors provide fifteen self-contained flats that have been sold off on a long lease.
Streatham is a densely populated South London suburb situated in the London Borough of Lambeth on the A23, some 6 miles south of Central London. Communications are excellent, with Streatham Hill Station to the north and Streatham to the south. Numerous bus services run along Streatham High Road, which itself connects to the M23 and M25 motorways 12 miles to the south. The property is located on the eastern side of Streatham High Road (A23), at its junction with Pendennis Road, less than 0.5 miles south of Streatham Hill Overground Station (London Victoria from 16 minutes).
Occupiers close by include Lloyds Bank, Shoe Zone and Specsavers (all opposite), Odeon Cinema, Iceland, Superdrug, Boots the Chemist, WH Smith, Three, Sainsbury’s Local, Caffè Nero, EE, Holland & Barrett and Peacocks, amongst many others.