Leisure/hospitality for sale
43, Meridian House, Unit 43, Battersea Reach, Wandsworth SW18
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Let to Shredquarters Gym.
- £80,000 rent per year.
- 15 year lease.
- Riverside development.
- Class E consent.
- Prominent frontage.
- Self-contained ground floor unit.
- 999-year long leasehold.
Property description
Battersea Reach is a vibrant riverside community, perfectly positioned to cater to both residents and businesses. It offers excellent accessibility with major road links via the A3, South Circular (A205), and A24, making travel by car convenient and efficient. Just a short walk away, Wandsworth Town station provides direct trains to Waterloo in just 15 minutes. For added convenience, Clapham Junction is only one stop away, offering fast connections to Victoria, London Bridge, and beyond.
For a more scenic commute, Plantation Wharf Pier is nearby, providing easy access to the River Bus service along the Thames.
Battersea Reach also boasts a fantastic range of local amenities to suit every need. These include a Tesco Express, Edible Kitchen, Caserta Deli and the popular Waterfront Pub (Young's & Co).
Self contained ground floor unit extending to a total area of approximately 3,106 sq. Ft.
Based in the Battersea Reach mixed-use scheme.
Currently let to Fortis Animus Limited trading as Shredquarters for a term of 15 years from 08/06/2023. The passing rent is £80,000 per year exclusive with rent reviews every 5 years of the term.
There is a tenant only break clause at the expiry of the 7th year of the term. The lease is outside the Landlord and Tenant Act 1954 part II.
Offers in excess of £895,000.
An asking price of £895,000 reflects a net initial yield of 8.37%, allowing for standard purchasers costs of 6.8%.
Accommodation:
Ground Floor: 3,106.00 sqft
Property info
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
For more information about this property, please contact
Houston Lawrence, SW18 on +44 20 3641 4518 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Houston Lawrence, and do not constitute property particulars. Please contact Houston Lawrence for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.