Property Details
20 St John's Road, London, SW11
£1,595,000
LOCATION: St John's Road is the main retail street leading from the junction of Lavender Hill at Clapham Junction station south to Northcote Road. The surrounding occupiers include Marks and Spencers, Waitrose, TK Max, Boots, Superdrug, Metro Bank, JD Sports, and Waterstones. The property is immediately opposite the former Arding and Hobbs department store which is currently under development by W.ER group to provide 97,000ft² of mixed use retail leisure and office space including a 5,500ft² bar/distillery and a 28,000ft² luxury health club and range of fitness studios run by Third Space. The letting of this landmark building will revitalise the shopping street.
DESCRIPTION: The property comprises a two storey building with retail space and seating to the ground floor and ancillary space to the first floor.
The ground floor is approximately 950ft² and the first floor is approximately 370ft² plus WC/washrooms.
The rateable value (2023 list) is £63,500.
The whole property is let under a full repairing and insuring lease to Lolo Investment Limited trading as Casa Manolo for a term of 15 years from June 2016 at a rent of £91,000 per annum. The Landlord holds a 6 month rent deposit. Casa Manolo is a well established Spanish tapas bar specialising in the sale of luxury Spanish ham and also trade from Strand London WC2, Kings Road Chelsea and High Street Putney.
TENURE: Freehold
PRICE: £1,595,000
VIEWING: Strictly by appointment through Sole Agents:
BELLS COMMERCIAL 020 7228 4405 Ref: CE
The Energy Performance Certificate has been commissioned and will be available on request
SUBJECT TO CONTRACT
PLEASE CHECK CURRENT STATUS AND AVAILABILITY PRIOR TO INCURRING ANY EXPENSE
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.
