1. Realla
  2. Offices for sale
  3. Clapham

159-163 Clapham High St

Office for sale

£2,500,000 9,822 sq ft

BNP Paribas Real Estate UK
View the performance or update the listing in CoStar
Contacts

Alexander Buckingham - BNP Paribas Real Estate UK

Lucy Sleeman - BNP Paribas Real Estate UK

Full address
159-163 Clapham High St, London SW4 7SS – Clapham
Highlights
  • Ease of access
  • Residential development potential
  • Prominent Clapham location
  • Freehold subject to a leaseback of the ground floor retail space to Post Office Limited
  • Planning permission has previously been granted to develop the first, second and third floors into residential
  • Evidence suggests new build residential apartments have achieved in the region of £800-£1,000 per sq ft
Property owner
Post Office
Property type
Office for sale
Asking price
£2,500,000
Available space range
There is 1 space available. This measures 9,822 sq ft.
Features
Storage Space, Security System
Brochure
Download the brochure

Sale details

Sale unit 4033506 - Retail Available

9,822 sq ft, £254.53 per sq ft

Unit Sale unit 4033506 - Retail
Address 159-163 Clapham High St, London, London, SW4 7SS, GB
Size 9,822 sq ft
Price £2,500,000
Price per unit £254.53 per sq ft
Unit Sale unit 4033506 - Retail
Address 159-163 Clapham High St, London, London, SW4 7SS, GB
Size 9,822 sq ft
Price £2,500,000
Price per unit £254.53 per sq ft
Sale conditions Build to suit
Sale type Owner user
Tenure Freehold
Use Retail
Unit details The property is an approximate 1960’s build arranged over four storeys with the upper floors set back., The ground floor currently provides a1 retail space with ancillary office accommodation., The upper floors have previously been used as b1 office accommodation., Access to the upper floors is from a separate entrance on clapham high street, adjacent to the post office., Externally and to the rear of the property is a right of way to the yard area which provides parking space for up to 5 vehicles., This is accessed via clapham park road., The property is not listed but is located within clapham road conservation area.
Financial type Actual
Financial year 2019

Sale notes

  • The property is to be sold with vacant possession subject to a leaseback of the ground floor to post office limited.
  • Further information on the lease terms is available on request.
  • Freehold subject to a leaseback of the ground floor retail space to post office limited.

Property description

The Property is located in a prominent position on Clapham High Street, a stones throw from 220 acre Clapham Common and Clapham Common Underground Station. Clapham High Street boasts an eclectic selection of pubs, restaurants and trendy bars, and amenities such as supermarket shopping and an original Arthouse cinema. Clapham is an affluent residential suburb of south west London. A commuter district, Clapham has attracted young professionals and families to the area over the past decade. The average age is 30 years old, with over half of the resident population in full time employment and unemployment as low as 2.7 %. Clapham benefits from the 220 acre Clapham Common, containing three ponds, a picturesque bandstand, tennis courts and a bowling green. The common is the hub of the community and plays host to a series of summer festivals, fairs and a hugely popular annual public firework display. Clapham High Street provides a strong retail presence with local occupiers including WHSmith, Superdrug, Boots and Waitrose. We have assumed an estimated rental value of £130,000 per annum for the ground floor retail space. This is based on a conservative Zone A rate of £85 per sq ft. There are current lettings on Clapham High Street that have achieved in excess of £90 per sq ft Zone A and a number of recently settled deals to support this ERV. The Property is subject to a high footfall and has a significant frontage that would suit a number of A1 retail or A3 restaurant/bar operators subject to change of use consent. The Property lies in a prime leisure pitch surrounded by occupiers including: The Property falls within the authority of Lambeth Borough Council and is suitable for reconfiguration and change of use, subject to planning. Upper floor residential use (Class C 3) is well established along Clapham High Street. Planning permission was granted in April 2012 (12 /01166/FUL) for the change of use and conversion of existing offices at part first, second and third floor levels to provide 6 self -contained flats. This planning permission expired in November 2015. This proposal included the retention of the Post Office on the ground and part first floor. No external alterations were proposed and the residential accommodation was accessed through the existing entrance on Clapham High Street. Clapham is a popular residential location and there is evidence of new home sales in Clapham Common achieving between the range of £800-£1,000 per sq ft. Further information is available on request. Clapham High Street is a prime south London retail and leisure pitch surrounded by restaurant and bar operators including Byron Burger, Be at One and Five Guys The Property benefits from being a stones throw from Clapham Common Underground Station which provides direct Northern Line services to Central London in approximately 15 minutes. In April 2012 planning permission was granted for the change of use and conversion of existing offices at part first, second and third floor levels to provide 6 self contained flats. There is evidence to suggest new build residential apartments have achieved in the region of £800-£1,000 per sq ft.

Number of storeys
4
Parking ratio
0.25
Rentable building area
9,822 sq ft
Year built
1965

Attachments

PDF #1 Marketing brochure/flyer Download

This office for sale is located in Clapham.

Search for all available commercial properties for sale in Clapham

Please enable JavaScript to view Google Maps...

Please enable JavaScript to view Google Maps...

Contact agent

020 *** ****

When prompted enter this code:

Or use the form below to email the agent

Please supply a contact name

Please supply a valid email

Please supply either an email or phone number

Please supply a valid phone number

There was a problem submitting the form, please try later

By submitting this form, you accept our Terms & conditions & Privacy policy Please note that Realla will send the above details to the agents listed.

View the performance or update the listing in CoStar

Contact agent

020 *** ****

When prompted enter this code:

Or use the form below to email the agent

Please supply a contact name

Please supply a valid email

Please supply either an email or phone number

Please supply a valid phone number

There was a problem submitting the form, please try later

By submitting this form, you accept our Terms & conditions & Privacy policy Please note that Realla will send the above details to the agents listed.

Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to BNP Paribas Real Estate UK. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact BNP Paribas Real Estate UK for full details and further information.