Freehold, mixed-use investment opportunity with scope for added value in a popular and affluent south west London suburb
Summary
- Freehold producing a total income of £253,272 per annum
- Excellent connectivity being a 5-minute walk from Clapham Junction train station which is one of the UK's best-connected stations, and numerous local bus services
- 253 Lavender Hill occupies a prominent corner retail unit fronting Lavender Hill in the heart of Clapham
- The upper floors comprise three, high quality and recently modernised 2-bedroom apartments that are let on ASTs, with ground floor and part basement let to Chestertons until October 2033
- New build, high grade office space at 66 Altenburg Gardens let to Brand Brewery Limited - 'A2' Dunn & Bradstreet rated
- Scope to convert vacant lower ground floor space to residential
- Offers are invited in the order of £3.25m for the Freehold interest, subject to contract
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Unit - 253 Lavender Hill / Ground & Basement | 773 | 71.81 | Let |
| Unit - 253 Lavender Hill / Basement | 1,000 | 92.90 | Available |
| 1st - 2 bed flat | 712 | 66.15 | Let |
| 2nd - 2-bed flat | 637 | 59.18 | Let |
| 3rd - 2-bed flat | 619 | 57.51 | Let |
| Building - 66 Altenburg Gardens / Basement, Ground and First | 2,816 | 261.61 | Let |
| Total | 6,557 | 609.16 |
Location
The subject property is located within the heart of Clapham, in the London Borough of Wandsworth.
The locality is extremely popular with families and young professionals alike given the abundance of local retail & leisure amenities in the area and provision of open spaces; notably Battersea Park alongside Clapham, Wandsworth and Tooting Commons.
The property is a 5 minute walk east of Clapham Junction Station, a major interchange with services including direct routes to London Victoria (7 minutes) and London Waterloo (9 minutes). In addition to South Western services including Gatwick Express trains, the station also serves the Mildmay and Windrush lines.
Lavender Hill is a key arterial road within the local area, running east to west and forming part of the A3036, providing direct access westward toward Wandsworth and eastward towards Vauxhall and Central London. The nearby A3 and A24 roads offer onward connections to Southwest London, Surrey and the M25 orbital motorway.
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Mainline Stations
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Clapham Junction6 mins
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Queenstown Road (Battersea)20 mins
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Wandsworth Town21 mins
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Battersea Park22 mins
Underground Station
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Clapham Junction6 mins
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Queenstown Road20 mins
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Clapham South20 mins
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Wandsworth Town21 mins
Further Information
Price Offers in excess of £3.25
EPC Rating This property has been graded as C
Description
The front property on Lavender Hill comprises a five-storey end-of-terrace building dating from the mid-19th century, with a contemporary three-storey extension to Altenburg Gardens.
The property has a corner plot retail unit on the ground floor, formerly an Estate Agency, with ancillary basement storage.
There is an additional basement area which is not demised to the retail unit and can convert to residential, subject to the necessary permissions.
The 3x2 bedroom residential flats were modernised to a high standard in 2020 and are accessed via a staircase directly from Altenburg Gardens.
The rear extension at 66 Altenburg Gardens was completed in 2020 and is currently let as high grade offices, with a lift and air conditioning.
Viewings
Strictly via sole agents, Cluttons LLP.
Terms
Offers are invited in the order of £3.25m for the Freehold interest.
While a sale of the entire holding is preferred, consideration will be given to a separate sale of the 253 Lavender Hill (ground floor and basement with the 3 flats above) & Altenburg Gardens properties.
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