364 Garratt Lane
London, SW18 4ESThe Space
Mixed use investment opportunity - South West London, SW18
At a glance
| Property Type | Investments / Offices / Retail |
| Tenure | For Sale |
| Size | 2,033 sq ft |
| Price | £950,000.00 |
| Business Rates | Upon Enquiry |
| Service Charge | n/a |
| Energy Performance Rating | This property has been graded as D (55) |
Earlsfield
1 min
Wandsworth Common
21 mins
Haydons Road
22 mins
Wandsworth Town
26 mins
Earlsfield
1 min
Wimbledon Park
13 mins
Southfields
16 mins
Wandsworth Common
21 mins
Key Points
- Total space - 2,033 square feet
- Second floor residential unit - 501 square feet
- Third floor residential unit - 372 square feet
- Sale Price £950,000
- Retail and residential Investment sale
- 6% Gross yield
- Commercial unit, rear yard plus two residential units
- Attractive South West London location
Description
The mixed use building is configured as one commercial unit divided over ground and basement floors, three flats on the upper floors and a rear yard. Please note, the first floor flat is sold off on a long leasehold (with nil ground rent).
The freehold sale benefits from the remaining two flats which are currently occupied by tenants on ASTs, comprising: 1 x one bedroom flat on the second floor and one x studio flat on the third floor. As well as the commercial unit, currently used as a residential estate agency – trading as Stirling Ackroyd.
The current Income comprises; The rear yard generates an annual rent of £5,849 per annum, rising in line with RPI every three years until the end of lease in 2034. (Next review is in June 2026).
The current residential income (let on ASTs) comprises 1 X one bed flat producing £11,400 per annum plus 1 x studio flat producing £11,700 per annum. The total residential income is £23,100
Commercial lease summary – Annual Rent £28,000 until November 2025, then rising to £29,000 per year until the lease expiry in Nov 2027.
The total income for this asset is £56,949 per annum. Sale price: £950,000, 6 per cent Gross yield, before purchaser costs.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| 3rd - residential flat | 372 | 34.56 | Available |
| 2nd - residential flat | 501 | 46.54 | Available |
| Ground | 580 | 53.88 | Available |
| Basement | 580 | 53.88 | Available |
| Total | 2,033 | 188.86 |
The Location
The building is located on Garratt Lane, close to the junction with Magdalen Road. The local authority is London Borough of Wandsworth.
Garrett Lane (A217) is a thriving commercial location and benefits from a diverse range of independent and national brands including Sainsburys, Gails Bakery, KFC, Headmasters and Oxfam.
Earlsfield Railway Station (Zone: 3) is located very close to the building. Wimbledon Park Station (District Line Zone: 3) and Southfields Station (District Line, Zone: 3) are also close by.
