45-53 Putney High Street & 329-339 Putney Bridge Road, Putney, SW15 1SP

45-53 PUTNEY HIGH STREET (PHS)

The property is a three-storey mixed-use building extending to approximately 2,634.1 sqm / 28,354 sqft (GIA), comprising two commercial units on the ground-floor and offices to the upper floors.

The commercial unit at 45 PHS is currently vacant. It was previously let to Robert Dyas.

The commercial unit at 53 PHS is currently let to Boots, with a lease expiring in November 2028. The current annual rent is £90,000. The lease is outside of the L&T Act 1954.

The property owner 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 property owner.

329-339 PUTNEY BRIDGE ROAD (PBR)

The property is a four-storey plus lower-ground mixed-use building comprising five commercial units across the ground floor and basement, with stripped out office space within the upper floors.

The total GIA of the existing building is approximately 1,803.5 sqm / 19,413 sqft. Commercial units extend to approximately 766.3 sqm / 8,248 sqft (GIA), and offices extend to approximately 1,037.2 sqm / 11,165 sqft (GIA).

The property also benefits from the undercroft, which provides access to the rear car park.

It is our understanding that the building is situated within an Article 4 zone.

It is our further understanding that the building may benefit from permitted development rights (part 20 Class AA) for an upwards extension for two additional stories, subject to obtaining all necessary consents.

LAND

The land at the rear of PBR is currently used as a car park and can be accessed via the undercroft. There is development potential, subject to obtaining all necessary consents.