Hair Salon with Six freehold apartments with in London
£1,200,000
£80,630
TBC
Overview
Freehold
2002
- Excellent Reputation
- Friendly & Professional Team
- Huge Growth Potential
- Well Equipped Business
- Equipment Included
This freehold mixed-use property in the London Borough of Wandsworth presents a compelling investment opportunity. The property features a ground-floor commercial unit, currently operating as a salon, alongside a six-room HMO on the upper floors. The residential units, which were all refurbished in recent years, are fully occupied and generate a substantial annual income of £58,500.
The ground-floor shop, 43.1 sqm (464 sqft), is owner-occupied as a salon with 2 beauty rooms. The upper floors 6 room HMO, totals 119 sqm (1,281 sqft), with all units recently refurbished and let on standard ASTs. The commercial unit generates £36,000 rent annually, while the upper-floor HMO can add £58,500 in yearly income totalling to 94,500. Additionally the Salon brings in 81,000 T/O Per Annum.
Situated a short walk from the iconic Battersea Power Station, the property benefits from a vibrant locale with excellent transport links, including the Northern Line and nearby Overground stations. With its prime location and potential for capital appreciation, this property is a versatile investment, offering both immediate income and long-term growth opportunities.
This freehold mixed-use property is situated in the London borough of Wandsworth, offering a prime investment opportunity. The building comprises a ground-floor commercial shop and a 6 room HMO (House in Multiple Occupation) on the upper floors. The entire property has been refurbished in recent years, ensuring modern and well-maintained interiors.
The property benefits from an excellent location, being a short walk from the Battersea Power Station with its wide array of shops, restaurants, bars, and activities. It also enjoys strong transport links, with Battersea Park Station and Queenstown Road overground stations both within a 10-minute walk.
The six-room HMO currently yields £58,500 annually, offering stable income. Leasing out the ground-floor commercial unit, now owner-occupied as a salon, could significantly enhance rental income, boosting overall returns for investors.
Located in the prime Wandsworth area, near the rapidly developing Battersea Power Station, this property is well-positioned for capital growth. The area's ongoing development and excellent transport links are likely to increase the property's value over time.
This mixed-use property offers flexibility, catering to both residential and commercial tenants. Its strategic location near key amenities and transport hubs makes it versatile, appealing to a broad tenant base and providing a diversified, stable income stream for investors.
Features
Online Presence
Location
- Close to Local Businesses
- Good Transport Links