Property photos
£1,800,000
(£3,529.41/sq. ft)
Retail premises for sale
Northcote Road, London SW11510 sq. ft
Local area information
Property location
Nearby amenities
- Dolphin School (Incorporating Noahs Ark Nursery Schools) 0.1 miles
- Belleville Primary School 0.1 miles
- Clapham Junction 0.4 miles
- Wandsworth Common 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Clapham Junction, Battersea and Balham to find out more about the local area.
Features and description
- Mixed Use Freehold Investment
- Retail/Restaurant Premises
The property is situated on the west side of Northcote Road between Bennerley Road and Mallinson Road in the core section of this popular retail and café and bar/restaurant location between Clapham Common and Wandsworth Common. The surrounding area is a well established and high value residential location providing a solid customer base. Surrounding occupiers include Franco Manca, Gails, Bayley and Sage, Space nk and Aesop. Clapham Junction mainline station is five minutes walk.
The property comprises a mid terraced Victorian period building which provides a shop/restaurant unit to the ground floor and two self contained flats above. The restaurant is let on a commercial lease and the flats are let on separate Assured shorthold Tenancy agreements as detailed below.
Ground floor shop
Restaurant area and office 510ft² 47.4m²
Kitchen 279ft² 25.9m²
2 x WC washrooms
First floor flat, 74a Northcote Road
Living room
Bedroom 1
Bedroom 2
Kitchen
Bathroom/WC 490ft² 45.5m²
Second floor flat, 74b Northcote Road
Living room
Open plan kitchen
Bedroom 1
Bathroom/WC 426ft² 39.6m²
Tenancy schedule
Ground floor shop, 74 Northcote Road
The property is let under a lease to Franco Manca 2 UK Limited for a term until December 2038 (approx. 14 years unexpired) at a rent of £55,000 p.a. Increasing to £56,500 p.a. From 11 June 2025, £57,500 p.a. From 11 June 2026 and £60,000 p.a. From 11 June 2027 and subject to review on the 11 June 2029 and 11 June 2034 (5 yearly). The Lease has a tenant right to break on 24th December 2034 (10 years) subject to at least 6 months notice A copy of the lease is available on request. The Landlord holds a rent security deposit and reinstatement deposit. The property is sublet to Meatailer Limited.
First floor flat 74a Northcote Road
Let on an Assured Shorthold Tenancy at a rent of £1900 pcm (£22,800 per annum).
Second floor flat, 74b Northcote Road
Let on an Assured Shorthold Tenancy at a rent of £1600 pcm (£19,200 per annum).
Gross income £97,000 per annum (increasing to £101,000 per annum)
guide price: £1,800,000
The property comprises a mid terraced Victorian period building which provides a shop/restaurant unit to the ground floor and two self contained flats above. The restaurant is let on a commercial lease and the flats are let on separate Assured shorthold Tenancy agreements as detailed below.
Ground floor shop
Restaurant area and office 510ft² 47.4m²
Kitchen 279ft² 25.9m²
2 x WC washrooms
First floor flat, 74a Northcote Road
Living room
Bedroom 1
Bedroom 2
Kitchen
Bathroom/WC 490ft² 45.5m²
Second floor flat, 74b Northcote Road
Living room
Open plan kitchen
Bedroom 1
Bathroom/WC 426ft² 39.6m²
Tenancy schedule
Ground floor shop, 74 Northcote Road
The property is let under a lease to Franco Manca 2 UK Limited for a term until December 2038 (approx. 14 years unexpired) at a rent of £55,000 p.a. Increasing to £56,500 p.a. From 11 June 2025, £57,500 p.a. From 11 June 2026 and £60,000 p.a. From 11 June 2027 and subject to review on the 11 June 2029 and 11 June 2034 (5 yearly). The Lease has a tenant right to break on 24th December 2034 (10 years) subject to at least 6 months notice A copy of the lease is available on request. The Landlord holds a rent security deposit and reinstatement deposit. The property is sublet to Meatailer Limited.
First floor flat 74a Northcote Road
Let on an Assured Shorthold Tenancy at a rent of £1900 pcm (£22,800 per annum).
Second floor flat, 74b Northcote Road
Let on an Assured Shorthold Tenancy at a rent of £1600 pcm (£19,200 per annum).
Gross income £97,000 per annum (increasing to £101,000 per annum)
guide price: £1,800,000
More information
Listed by
Bell's Chartered Surveyors
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