17 St Johns Hill, Clapham, SW11

• Prime mixed use investment located in affluent south west London suburb opposite Clapham Junction station and next to The Clapham Grand.

  • Recently let lower ground and ground floor restaurant with former HMO in 3 upper floors.

  • Freehold.

  • Restaurant let to Thunderbird Fried Chicken on a new 15-year lease at a current rent of £100,000 pa which reflects £70 per sq ft overall.

  • The premises benefits from a valuable late licence to trade until 2am on Friday and Saturday night.

  • Upper parts comprise a former HMO, providing potential to convert into individual flats.

  • 1,427 sq ft of restaurant space and 1,263 sq ft of residential accommodation totalling 2,690 sq ft.

  • The vendor is seeking offers in excess of £2,100,000 subject to contract. After allowing for adjusted purchaser’s costs of 6.3% this would reflect as follows:

  • £1,560,000 reflecting a net initial yield of 6.00% on the restaurant element.

  • £540,000 reflecting £427 psf on the residential accommodation.