Lavender Hill, London, SW11

For Sale: High yielding Freehold licenced investment opportunity with £81,800 PAX passing rent available and strong transport links in SW11.

The property is let currently to an established and successful bar/nightlife operator (The Sugar Cane Bar Ltd) by virtue of a lease assignment in 2009. The rent passing is £81,200, excluding the ground rent income, which is reserved at £300pa and applicable to four flats and doubling every 25 years. There is an upcoming rent review (Sept 23) establishing a reversionary pattern for the property. Further information can be found on the Tenant at – www.thesugarcane.co.uk.

The property is arranged over the ground and basement levels and provides a popular local nightlife destination for tourists and locals. The property has a large bar on the ground floor with a dancefloor and seating areas, the basement contains a full kitchen with extraction and further customer accommodation. The property has the added benefit of rear pedestrian access / bin storage. All premises/alcohol licenses are in place and held by the occupier.

The property is located towards the northern end of Clapham on a busy local parade with a mixture of local and national operators. The location is well serviced by public transport with Clapham Junction Railway Station approximately 5 minutes' walk away providing fast access into Central London. The Northern Line (Clapham North) is within 15 minutes’, and there are also several excellent bus routes servicing the property.