Property Details
11-13 Bedford Hill, London, SW12
Price on request
MIXED COMMERCIAL AND RESIDENTIAL
INVESTMENT FOR SALE
11-13 BEDFORD HILL
BALHAM, LONDON SW12
TOWN CENTRE LOCATION
SHOP LET TO HAMPTONS ESTATE AGENTS (PART OF COUNTRYWIDE PLC)
TWO LARGE THREE BED FLATS LET ON AST AGREEMENTS
WELL MAINTAINED AND FULLY LET INVESTMENT
GROSS RENT INCOME £111,444
DESCRIPTION
A pair of four storey Victorian period buildings comprising a corner double shop unit and two self-contained flats over three floors above.
11-13 Bedford Hill - Ground floor and basement shop
The shop unit is Class A2 (estate agents) with sales area to the ground floor and a large basement for ancillary storage.
Bedford Hill is an active commercial road of Balham High Road leading towards Streatham. It forms part of the town centre and has good passing trade. The entrance to Sainsbury's supermarket and car park is 100m. There is a mix of commercial uses including retail shops and restaurants. The surrounding area is characterised by high value private rental and owner occupier housing.
The shop dimensions and areas are as follows:-
Ground floor
Internal width (max) 28'4"
Internal depth 47'0"
Net internal area 1,027ft²
Basement
Net internal area 871ft²
Lease
The ground floor and basement is let to Hamptons Estates Limited on a lease for a term of 20 years from 27th January 2003 (expiry 26th January 2023) at a rent of £52,500 p.a. exclusive.
The current rateable value (2017 list) is £50,500.
Hamptons Estates Limited (Company reg 02036215) is a wholly owned subsidiary of Countrywide plc the UK's largest estate agency. Hamptons Estate Agents operate internationally from around 85 offices.
Residential flats 11a and 13a Bedford Hill
There are two self-contained flats with separate entrances from the side/rear of the building. The flats have accommodation arranged over three floors and each has three double bedrooms making them ideal for sharers in the rental market. The flats have been well maintained and have modern fitted kitchens and bathrooms, gas central heating, replacement uPVC double glazing and are in good decorative order.
There is a high demand for flats to rent in this location due to the proximity of Balham mainline and Northern Line Underground stations (5 mins walk), good shops and supermarkets (Sainsbury's and Waitrose - 3 mins walk) and many coffee shops and restaurants.
Flat 11a Bedford Hill
First floor
Living room 13'10" x 12'10"
Kitchen 15'3" x 7'8"
Utility room 8'9" x 5'10"
Second floor
Bedroom 1 14'0" x 13'0"
Ensuite shower room
Bathroom/WC
Third floor
Bedroom 2 14'0" x 13'0"
Bedroom 3 15'3" x 8'0"
Gross internal area 969ft²
The flat is currently let on Assured Shorthold Tenancy for a term of one year from 5th May 2019 at a rent of £2,496 per calendar month (£29,952 gross p.a.).
Flat 13a Bedford Hill
First floor
Living room 13'10" x 13'0"
Kitchen 15'3" x 7'10"
Utility room 8'9" x 5'10"
Second floor
Bedroom 1 13'10" x 13'1"
Ensuite shower room
Bathroom/WC
Third floor
Bedroom 2 14'2" x 13'10"
Bedroom 3 15'3" x 8'3"
Gross internal area 918ft²
The flat is currently let on Assured Shorthold Tenancy for a term of one year from 31st January 2019 (subject to 2 month notice after four months) at a rent of £2,416 per calendar month (£28,992 gross p.a.).
FREEHOLD
Offers in region of £2,000,000 subject to contract
ALL ENQUIRIES/VIEWINGS STRICTLY THROUGH SOLE AGENTS
BELLS COMMERCIAL LIMITED
020 7228 4116
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
