Summary
| Property Type | Mixed Use |
| Tenure | For Sale |
| Size | 1,443 sq ft |
| Price | £695,000 |
| Rates Payable | Upon Enquiry |
- Substantial Freehold in Little Portugal.
- Development potential STTP.
- First time to the market in nearly 30 years.
- Picturesque parade providing a local hub.
- Attractive Capital Value @ £480/p/sf.
- Highly desirable SW8 location.
About
This very well-proportioned mixed-use property comprises of both (E-Class) retail and (C3) residential accommodation with two bedrooms, and a large kitchen living area, and family W/C. The maisonette is in excellent condition throughout and measures 1,184 sq ft (110 sq m). The commercial raised ground floor measures 259 sq ft (24.1 sq m) and is currently used by the vendors and operated as a popular hair salon.
The shop benefits from an abundance of natural light and has its own dedicated W/C facilities – we would expect the retail unit to achieve c.£20k per annum on the open market. The property offers a purchaser an opportunity to develop the airspace, add another story, and reconfigure the existing residential space subject to securing the necessary planning consents.
Location
The subject property is superbly located on the SW8/SW9 border where the A3 and South Lamberth Road intersect towards Stockwell station. The area known as Little Portugal is synonymous with a strong European Influence as settlers arrived in the 1960s/70s. The area is populated with numerous highly regarded residential neighbourhoods surrounded by plenty of greenery including Slade Gardens and Larkhall Park. The area is extremely well connected to central London with Stockwell station providing access to both the Victoria and Northern Lines within a 5-minute walk.
Mainline Stations
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Clapham High Street15 mins
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Wandsworth Road15 mins
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Vauxhall16 mins
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Brixton16 mins
Underground Station
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Stockwell3 mins
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Nine Elms9 mins
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Oval11 mins
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Clapham North15 mins
Further Information
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Terms
Title & Tenure: The Freehold is offered for sale with Vacant Possession. Title Number: EGL304631.
VAT: N/A.
Rateable Value: £5,400 (Nil).
The property provides the following approximate Gross Internal Areas:-
Commercial: 259 sq ft (24.1 sq m)
Residential: 1,184 sq ft (110 sq m)
TOTAL: 1,443 sq ft (134.1 sq m)
LOCAL AUTHORITY: London Borough of Lambeth.
LEGAL COSTS: Each party is to pay their own legal costs.
VIEWINGS: The property can be viewed externally. Internal inspections will be conducted on specific viewing days. By appointment with Sole Agents Winkworth Commercial.
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