Putney 253-255 Bridge Road Freehold Office Investment SW15 2PU

Property at a glance:

Income: £67,050 per annum

Guide Price: £950,000

Attractive GIY of 7.1%

Future residential potential Location Situated on Putney Bridge Road (A3209) between Oxford Road and Wadham Road. Putney High Street and Upper Richmond Road are a short walk from the property, and offer a large array of retail and leisure amenities. Park and the pedestrianised walkway along the Thames are moments from the property.

The area benefits from excellent public transport links, with Putney mainline station providing frequent services to Waterloo (15 minutes), and East Putney station providing access to the London Underground (), with direct services to London Victoria (18 minutes) and Paddington (20 minutes). Putney Bridge station can be accessed via the footbridge over the Thames in 8 minutes. There are also several bus routes serving Putney Bridge Road.

Description The recently constructed property comprises two commercial units at ground floor, first floor offices/commercial space, and three flats at second and third floors. There is a passenger lift and secure car parking. All the accommodation has been sold off on long leases except the first floor office.

The first floor modern offices extend to c. 2,071 sq ft / 183.2 sq m NIA and include one off street parking space. We understand the first floor has B1/E use offering the potential for future residential use, subject to obtaining the necessary consents. VAT The property is elected for VAT. Tenure & Leases EPC The freehold is for sale with the benefit of the ground rents from the ground floor E - report available upon request. commercial units, three apartments, and the occupational lease on the first floor. Floor Plans The first floor is let to Caroline Gardner Publishing Limited (company number Available upon request. 03401477, Experian Credit Score – 83 “Low Risk”), from March 2019 on a five year lease at a passing rent of £65,000 per annum. Guide Price: £950,000 plus VAT for the freehold interest. The price reflects a Gross Initial Yield of 7.1%. In addition, there is a combined total of £2,050 per annum in ground rents from the three flats and two commercial units. Viewings For further information and viewings, please contact agents Ashley or Matthew at Total annual income: £67,050 Randell Commercial on 020 7135 2033, or alternatively our joint agents James Commercial, on 020 7127 8781. Further information, including lease copies, can be provided upon request. Misrepresentation Act 1967 – These particulars are provided as a general guide only. Insofar as they contain an offer, such is subject to contract. No representation or warranty is intended to be made or given by these particulars, nor have Randell Commercial, nor any of their employees any authority to make or give representation or warranty relating to this Property. All negotiations are to be conducted through Randell Commercial. All terms quoted are exclusive of VAT. All floor areas are approximate.

Ashley Brudenell – [email protected] 020 7135 2033 Matthew Whitworth – [email protected]