45-53 Putney High Street, 45-53 Putney High Street, London | Property for sale | Savills
Guide price £5,750,000($11,246,023)

45-53 Putney High Street45-53 Putney High Street, London

  • New
  • Sole agency
  • Freehold
Investment

Key features

  • Prime High Street Investment Opportunity
  • Two Commercial Units with Offices to Upper Parts
  • Let to Boots Expiring 01/11/2028
  • One Retail Unit and Uppers Vacant
  • Producing £90,000 per annum
  • 28,354 sq ft (2,634.1 sqm)
  • Asset Management Potential
  • Development Potential (subject to consents)
  • Adjacent Property Available
  • For Sale by Auction if Not Sold Prior

Prime High Street Investment Opportunity Situated on Putney High Street Two Retail Units and Upper Parts with One Unit Let to Boots Producing £90,000 p.a.

About this property

  • The property comprises a three-storey mixed-use building extending to approximately 2,634.1 sqm / 28,354 sq ft (GIA), comprising two commercial units to the ground-floor and offices to the upper floors. The property includes a large rear yard, accessed from Putney Bridge Road. The commercial unit at no. 45 is currently vacant and was previously let to Robert Dyas. The commercial unit at no. 53 is currently let to Boots on a lease expiring in November 2028 and producing £90,000 per annum. The lease is outside of the L&T Act 1954. The landlord benefits from a break clause, where they can serve 9 months’ notice to terminate the lease for the sum of £231,000. Similarly, the tenant (Boots) also benefits from a break clause, where they can serve 6 months’ notice, and again, if exercised, they would receive £231,000 from the freeholder. The property occupies a prime pitch fronting Putney High Street, with nearby occupiers including Lidl, TK Maxx, Wagamamma and Waitrose. The Putney Exchange shopping centre is also opposite.

Additional information

  • The property benefits from implemented planning consent (Ref:2017/1874) for conversion of the property and the adjacent 329-339 Putney Bridge Road to provide 123 residential units comprising 35 x one bedroom flats, 52 x two bedroom flats, 28 x three bedroom flats and 8 x two bedroom mews houses.
  • A Dataroom is available with further planning information.