82 Streatham High Road London SW16 1BS

Home , Balham, Brixton, Central London, Clapham Junction, Streatham, Tooting

Foxtons - 82 Streatham High Road London SW16 1BS

London Suburb Freehold Investment Key Investment Criteria

• location A4202 South West London P AR S HYDE PARK E K

L M N A

. H T

R • Affluent and popular commuter suburb with E V I

RD . R

excellent transport links T

BR A202

RD. • Well configured retail unit providing 3,404 sq ft CROM WEL L A3220 VAU X . A308 H D A R LL K PIMLICO B Location RI • D. DG PR Freehold R N E O A3220 AM RD T H . G N FUL T KMEN ENNI EA EMBAN N. • Let to until 23/06/2021 at a passing rent of ELS ES L K Foxtons Ltd CH HAM S ER T A3212 RIV ELM

E . S N D Streatham is a vibrant South West London suburb in the BA I O . C N R AMB RK U £59,000 per annum D TT T R TTERSEA PA H E BA H E T RW CAMBERWELL RS R FULHAM L AM borough of Lambeth. Streatham extends over a large area D. E A LL E R O H A M N RK W E S AP W BR A BE P L R D C I EA D • The upper floors provide 4 residential flats sold off DG S T and due to its proximity to Central London (approximately TER N . BAT H BATTERSEA . E WA D R

R R D BRIXTON RD

D . on long leases. S 6.3 miles), is favoured by families and young professionals . R ILL A H R D DE A3 CE N which helps underpin retail spend within the locality. A3220 VE LA

CLAPHAM CLAPHAM JUNCTION R A3216 I TOWN VER THAMES HILL R L L DE I N . E H The High Street forms part of the A23, one of the main D AV A3 BATTERSEA RD R L ON . N M M O BRIXTON M A T H CO CLAPHAM X ORTH COMMON P I arterial routes connecting London to Croydon and further ANSW R A3 N E W LA B ORTH SID C south via the M23 to Gatwick Airport. The South circular

T (one of the main inner London orbital routes) also passes R IN IT BROCKWELL Y PARK RD through Streatham. . CH R £860,000 IST C HU DULWICH RC PARK BALHAM H RD.

R Transport links are excellent with the suburb benefitting from

Reflecting the following yield profile*: A24 H EARLSFIELD G FOXTONS I H three railway stations providing regular services to Victoria

M A H Attractive Net initial yield of 6.54%* T STREATHAM A (17 minutes) and London Bridge (23 minutes). E

TOOTING *After allowing for purchaser’s costs of 5.58% BEC RD.

Subject to contract and exclusive of VAT A24

R E WIMBLEDON AT VILLAGE HA STREATHAM COMMON M

H CRYSTAL PALACE IG H

R D . Streatham Streatham N Streatham sits adjacent to other popular hubs including Brixton, Balham and Tooting. Whilst these other locations have seen considerable house price inflation, Streatham is seen as a growth area. A combination of Council and private investment in the suburb have seen changes to the retail offering and the development of new homes. Recent developments include; • The Streatham Hub regeneration scheme completed in 2013 provided a state of the art leisure centre, Tesco extra supermarket, new bus interchange, underground car parking and 250 new homes. • The London Square development completed in 2018 and transformed a former dormant site into 254 homes, a community theatre, an M&S food hall and coffee shops. • The former Morrison’s site has been redeveloped into a new M&S, Aldi and Pure Gym • Improvement works to the High Street are underway from a recent £3million grant from the Mayor’s Outer London Fund. Regeneration efforts have increased Streatham’s popularity and now boasts a low retail vacancy rates below the London average. Streatham’s combination of excellent transport links and improved town centre makes it a very attractive residential location. Streatham’s population has increased by 20% since 2001 and with continued homebuyer demand is projected to increase a further 5.17% by 2033. House prices in the area have increased by 22.53% over last 5 years, and 3.38% over the last 12 months alone. There is also a strong rental market with a high level of residents (56%) living in private rented accommodation. Streatham’s 5-minute drive time catchment population of 62,243 people are over represented by those falling within the 25-34 age group.

Tenure

The property is held freehold.

Experian Goad Plan Created: 06/02/2020 25 metres Created By: GCW

For more information on our products and services: Copyright and confidentiality Experian, 2020. © Crown copyright and database www.experian.co.uk/goad | [email protected] | 0845 601 6011 rights 2020. OS 100019885 The Property Proposal

The property is mid terraced providing a ground floor Seeking offers in excess of retail unit with a large basement. The three upper floors comprise 4 residential flats sold off on long leases. £860,000 (Eight Hundred and Sixty Thousand Pounds), reflecting a net initial yield of Sq ft Sq m 6.54%, subject to contract and Ground Floor 2,253 209.3 purchasers costs of 5.58% ITZA 1,101

Basement 1,151 106.9

Total 3,404 316.2 Contact Details Tenancy

For further information please contact: The ground and basement floor are let to Foxton’s James Pearson Limited on a full repairing and insuring lease expiring on 23rd June 2021 at an annual rent of £59,000. T: 020 7647 4817 M: 07817 410 361 The upper floors provide 4 residential flats. Flats 1-3 are [email protected] let on long leases at a peppercorn rent. Flat 4 is let on a 150 year lease at a rent of £300 per annum. Caryl Howell

The current net passing rent is £59,300 per annum. T: 020 7647 4827 M: 07814 418 192 [email protected] VAT EPC

The property is elected TBC for VAT and as such it is anticipated that the sale will be treated by way of a TOGC. 7-10 Chandos Street,London W1G 9DQ T: 020 7408 0030 www.gcw.co.uk

Disclaimer - Whilst every effort has been made to ensure accuracy, no responsibility is taken for any error, omission or mis-statement in these particulars which do not constitute an offer or contract. No responsibility or warranty whatever is made or given either during negotiations or in particulars by vendor, lessor or the agent Gooch Cunliffe Whale LLP. Registered in England No. OC376010. Registered office: 30 City Road, London EC1Y 2AB. The sale is being undertaken on behalf of the Administrators of Stonewell Property Company Limited who are acting without personal liability.