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Client
Private Client
Property
Freehold prime retail and residential investment
Project Summary
Strettons acted as joint sole agents to offer for sale this prime investment opportunity in the affluent area of Putney.
Strettons have acted for the freeholder for a number of years actively managing the commercial element of the property. Following completion of the commercial rent review where the rent increased from £100,000 to £125,000 p.a, the lease term was also increased by way of a deed of variation to the existing lease.
In addition to the commercial element, there are also two 4 bedroom flats on AST’s producing a combined rent of £55,260 p.a. on the first, second and third floors of the property. The commercial and residential elements combined made this a very attractive proposition for a wide variety of investors.
A large number of the offers were received for the property which sold in February 2017 for well in excess of the asking price of £3,750,000.