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Starbucks Clapham Junction 37-39 St John’S Road, S W11 1Q N

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Starbucks Clapham Junction 37-39 St John’S Road, S W11 1Q N ✪ STARBUCKS CLAPHAM JUNCTION 37-39 ST JOHN’S ROAD, S W11 1Q N RETAIL COFFEE SHOP INVESTMENT WITH SIGNIFICANT RESIDENTIAL DEVELOPMENT POTENTIAL ✪ STARBUCKS CLAPHAM JUNCTION CLAPHAM COMMON 37-39 ST JOHN’S ROAD SW11 1Q N A306 BATTERSEA POST OFFICE BATTERSEA LIBRARY ST JOHN’S ROAD CLAPHAM GRAND CLAPHAM JUNCTION A306 ✪ STARBUCKS CLAPHAM JUNCTION 37-39 ST JOHN’S ROAD SW11 1Q N INVESTMENT CONSIDERATIONS ✪ Located within the affluent and popular suburb of Clapham Junction ✪ The property is situated in the 100% prime pitch on St John’s Road ✪ Currently let to the 5A1 covenant of Starbucks who wish to renew for a term of ten years ✪ Freehold ✪ Current passing rent of £126,850 pa reflecting a below market Zone A rent of £122 psf ✪ After reconfiguration of the ground floor the ERV increases to £189,000 pa based on a Zone A rent of £185 psf DEVELOPMENT POTENTIAL (subject to gaining all the necessary consents) ✪ Conversion of the first and second floors to residential use ✪ The comprehensive redevelopment of the site, including an increase in the height and density of the development We are instructed to seek offers in excess of £4,250,000 (Four Million Two Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A505 Stevenage Dunstable Stansted Luton Luton Bishopʼs A120 A418 Knebworth Stortford A5 A10 A1(M) A602 A44 M1 A131 A130 A34 Aylesbury Welwyn Garden City A40 Hertford A414 M11 Harlow OXFORDOXFORD A41 Harlow A12 Hemel✪ St Albans A4142 Thame Hempstead M10 A414 Chelmsford A138 M40 STARBUCKS RETAIL COFFEE SHOP INVESTMENT A420 CLAPHAM JUNCTIONJ21 A414 A404 Potters Bar Chipping WITH SIGNIFICANT RESIDENTIAL A4010 Chesham 37-39 ST JOHN’SJ20 ROAD Epping DEVELOPMENT POTENTIAL J23 Ongar SW11 J191Q N J25 Borehamwood M25 J27 M25 A Watford A1 Enfield 3 Barnet 2 2 K 0 M11 a A130 High t d h High a o l t R e n a e A355 r G n A413 Brentwood Brentwood Wycombe F R Wycombe a o l c a o d n J28 R Wickford Harefield Tottenham o Harefield a d 6 M40 A303 Falcon Lane M1 S 6 i A10 oad A303 s Mossbury R A127 t A12 e J29 r s Basildon A v A404 J16 Wembley Hampstead Romford e Hampstead Romford n ll u i e Lavender H IlfordIlford 36 M 30 A B y s e o Southend-on-Sea a Southend-on-Sea r u e Henley-on-Thames I Henley-on-Thames l c m R A34 h i o a n S a m s t Canveyd Canvey t CLAPHAM p A J e Southall r o Southall R 3 Slough Slough h Ga M25 o Stanford-le-Hope 2 L n Stanford-le-Hope a a 2 JUNCTION ’ r s d Island v S d Island 0 ( ) A e A404 M London R e e 6 l n v o n t 3 L LONDON e e d 0 s a a 3 P n r e A d u v b J15 a r s e u City r G E M4 n m r R c g a o d a c G r d a d e l a e d o r C e R a p s n am S r r h e R d s Windsor uc w Windsor l a s e il A2 e o B e c a n H e s s e d ’ p Richmond n n Heathrow Richmond h t M4 o ad M4 J Ro M25 t ein Dartford READING S kst Dartford READING Ec ad 6 Ro 3 rd CLAPHAM0 rna Gravesend ( ) 3 a Sheerness A329 M Staines A B Kingston B J2 a S A20 r n tr H a ad a t o a h R r T d L f yn e Upon Thames e i Upon Thames r m Me m r o r a C c b R Ascot Wokingham Ascot e Bromley u o Wokingham Bromley w J12 r a s g A23 d d a R A3 o M3 A3 l R o a J3 a liw Gillinghamise R A d rsea Gillingham atte B B B o Croydon u A3 Croydon tf CLAPHAM o lo we l r i R n oa e s W A21 d Ri N Walton-on-Thames g Walton-on-Thames ea L s S br r e M2 o te i COMMON t n a b r B o t d Ci h A b k o c l ’ e s M20 m r M25 L o r e d G R a e Sutton c t o e Sutton R e n a R o r r o ld i u o e i K t R o Sandhurst c a h A Sandhurst v l a M3 d u o w a e R Sittingbourne B Sittingbourne d Epsom Epsom c a W a r o uc k d 3 i A l a t a e k Shoreham d R n m R o d a J10 a o d R s a t o d e a ad o r R d te R lga She A339 o a A22 d J9 J5 M26 M20 Famborough M25 Sevenoaks Maidstone J7 J6 A34 BASINGSTOKEBASINGSTOKE J8 Oxted Aldershot M3 GUILDFORD Reigate A26 GUILDFORD Dorking A21 Famham Famham A24 Tonbridge A303 Godalming M23 LOCATION Horley Staplehurst Gatwick Staplehurst Alton Witley Clapham Junction is located in the south west Royal Cranleigh A264 Tonbridge A229 London Borough of Wandsworth, one of the RAIL Tonbridge CAR BUS AIR A31 Crawley Three Bridges Wells most affluent and popular areas of SouthThree Bridges Wells A264 Clapham Junction is one of Europe’s Clapham Junction benefits from excellent Numerous bus routes pass through Clapham Junction benefits from London. The district is situated approximately busiest train stations with an estimated road communications being situated in St John’s Hill, St John’s Road and a regular train service to London 2,000 trains and 500,000 passengers close proximity to both the South Circular Lavender Hill providing regular Gatwick Airport approximately every 4 miles (6.4 km) Horshamsouth west of Central London, passing through each day. It serves as an Road (A205) and the A3, which is the major services into Central London. 5-10 minutes (peak times) with a intersection for regular trains to London arterial route through south west London. fastest journey time of 25 minutes. nearby suburbs include Westminster, Chelsea Waterloo, London Victoria and Vauxhall The A3 provides direct access to the M25 and Earlsfield. Clapham Junction benefits providing easy access across London as which is approximately (19 miles) 32 km to A23 Haywards well as the south east and south west of the south west. from excellent transport links. Heath England. The station underwent major refurbishment in 2012 to accommodate Burgess Hill the continuing increase in demand. Clapham Junction ✪ RETAIL COFFEE SHOP INVESTMENT STARBUCKS WITH SIGNIFICANT RESIDENTIAL CLAPHAM JUNCTION DEVELOPMENT POTENTIAL 37-39 ST JOHN’S ROAD SW11 1Q N CLAPHAM JUNCTION STATION SITUATION The property is situated in the heart of Clapham Junction’s retail thoroughfare occupying a 100% prime pitch. The property benefits from frontages onto St John’s Road and Beauchamp Road. The property is located opposite Waitrose Supermarket and adjacent to F Hinds Jewellers with a number of national multiples in close proximity including O2, TK Maxx, Superdrug, Santander, Specsavers and Boots. Clapham Junction railway station is located a short 5 minute walk north west of the property. DESCRIPTION The property comprises a prominent 3 storey end-of-terrace corner building arranged over ground, first and second floors. The ground floor consists of a Starbucks coffee shop with the upper floors providing ancillary accommodation. The tenant currently uses only the ground and part of the first floor whilst the entirety of the second floor is not in use. There is a small courtyard to the rear of the building which provides rear external access to the first floor via Beauchamp Road. ACCOMMODATION TENURE Freehold Floor NIA (Sq m) NIA (Sq Ft) Ground Floor 96.95 1,044 (ITZA) (88.12) (948.5) First Floor 92.77 999 Second Floor 79.93 860 Total 269.65 2,903 © Crown Copyright, ES 100004106. For identification purposes only. Experian Goad Plan Created: 30/08/2016 50 metres Created By: Allsop Copyright and confidentiality Experian, 2016. © Crown For more information on our products and services: copyright and database rights 2016. OS 100019885 www.experian.co.uk/goad | [email protected] | 0845 601 6011 ✪ STARBUCKS RETAIL COFFEE SHOP INVESTMENT CLAPHAM JUNCTION WITH SIGNIFICANT RESIDENTIAL 37-39 ST JOHN’S ROAD DEVELOPMENT POTENTIAL SW11 1Q N DEMOGRAPHICS Clapham Junction has a primary catchment area of 102,000 with an estimated shopping population of 41,000. The area is projected to see an above average growth in population over the period 2015-20. Clapham Junction benefits from a significantly high proportion of adults aged 25-44 with an above average proportion falling within the most affluent AB and C1 social groups. As a result of the younger population Clapham Junction has an above average number of adults in private rented accommodation. RETAILING IN CLAPHAM JUNCTION Clapham Junction is an established retailing destination with excellent communications creating a desirable location for people to live, socialise and shop. There is a wide selection of shops, bars and restaurants benefiting from a high pedestrian footfall and captive population resulting in an in-store comparison retail expenditure of £273 million in 2015. Clapham Junction’s young and affluent catchment population, which traditionally benefit from an increased disposable income, have a higher per capita in-store comparison expenditure when compared to other trading locations within south west London.
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