Central London New Build Freehold House and Office on behalf of Receivers

1 & 1A Richborne Terrace | Vauxhall | London | SW8 1AS


subject to contract



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  • Located in an affluent London location

  • Property built in 2018

  • Freehold

  • Attractive terrace at the second floor

  • Residential element let on an AST generating £36,000 pa

  • Office element let on a licence generating £24,000 pa

  • Total passing rent of £60,000

  • Opportunity to convert the office to residential use, subject to planning permission

  • Opportunity to purchase the office or the residential element independently

  • Offers strictly in excess of £1,000,000 for the whole property, subject to contract.

  • Offers strictly in excess of £800,000 for the residential element

  • Offers strictly in excess of £200,000 for the office element

  • Price reflects an overall capital value of £533 per sq ft / £5,747 per sq m including the terrace and £692 per sq ft / £7,463 per sq m excluding the terrace

  • On behalf of Receivers, acting as agent without personal liability



Vauxhall is an affluent residential and commercial area, to the south of the River Thames and within the London Borough of Lambeth. The area is approximately 2 miles (3.2 km) south of Central London and 3 miles (4.8 km) to the south of the City of London.

Vauxhall has a vibrant, mixed residential population and is notable for being a desired place to live and work whilst being home to an abundance of leisure business.

London City Airport is approximately 9.5 miles (15.3 km) to the north-east, Heathrow Airport approximately 17.5 miles (28.2 km) to the west, Luton Airport 35.8 miles (57.6 km) to the north east and Gatwick Airport 25.9 miles (41.7 km) to the south.

Vauxhall has excellent transport links with the station being a National Rail, London Underground and London Buses interchange station and a vital local interchange on the London transport network.

The mainline station is run by South Western Railway and is the first station on the South West Main Line from London Waterloo towards Clapham Junction and the south west. Vauxhall underground station is on the Victoria Line. The station is close to St George Wharf Pier for river services.
Road communications are extensive with Vauxhall Bridge Road providing access to the North of the River Thames and the A3 Clapham Road connecting the area to Elephant and Castle and to Clapham.


The property is situated in a predominantly residential area off Clapham Road on the fringes of the Nine Elms redevelopment area.

Richborne Terrace benefits from being closed to through traffic and being close to various amenities including the Dorset Off Licence, Brixton Road Post Office and The Fentiman Arms.

Some nearby attractions include Oval Cricket Ground, Kennington Park and Vauxhall Park.
Oval underground station (Northern Line) is approximately 500 metres from the property. Stockwell underground station (Victoria Line) is 0.6 miles (1 km) from the property.

Local bus services provide quick and easy access into the City, West End and Canary Wharf.
The immediate vicinity appeals to many types of residents including professionals, young couples and students, to name a few.



1 Richborne Terrace comprises an open plan self-contained office at lower ground level with a kitchen and WC. This element is accessed from the right of the property.

1A Richborne Terrace comprises a two-bedroom mews style house arranged over ground, first floor and a roof terrace at second floor level. There is an open plan living dining and kitchen area, a utility room and WC at the ground floor, two bedrooms and a bathroom on the first floor and a roof terrace on the second floor.

The property was built in 2018.


A set of scaled floor plans are available to download from the downloads section.

We understand that the property provides the following gross internal area.

1 Richborne Terrace - Residential
  Sq.M Sq.Ft
Ground Floor 43.5 470
First Floor 43.5 470
Second Floor Terrace 40 430
Total Excluding Terrace 87 940
Total Including Terrace 127 1,370
1A Richborne Terrace – Office
Office 47 505

The property provides a total gross internal area of 134 sq m / 1,445 sq ft excluding the terrace and 174 sq m / 1,875 sq ft including the terrace.





1 Richborne Terrace (office) is let on a licence to a limited company on a three-monthly rolling term at a rent of £30,000 per annum. We are advised that the tenant has been granted a concession, reducing the rent to £24,000 per annum.

1A Richborne Terrace (house) is let on an AST for a term of one year from 1st May 2020, expiring 30th April 2021 at a rent of £36,000 per annum (£3,000 per month). Therefore, the tenant is holding over.

Therefore, the total passing rent is £60,000 per annum.


Residential Sales and Letting Evidence

Residential Evidence Sales
Address Date Price Sq.Ft Price psf Beds
6B Richborne Terrace 30/08/2022 £935,000 1443 £648 3
7 Richborne Terrace 17/02/2022 £945,000 1222 £773 3
2 Palfrey Place 18/06/2021 £900,000 1065 £845 2
4C Richborne Terrace 11/06/2021 £880,000 1568 £561 3
20 Meadow Road 30/09/2021 £899,950 1130 £796 2
Residential Evidence Lettings
Address Date Price PCM Sq.Ft Price psf Beds
Claylands Road 13/04/2022 £2,500 880 £34.09 2
Clapham Road 04/01/2022 £2,500 1123 £26.71 2
Usborne Mews 26/05/2020 £2,500 954 £31.45 2
Usborne Mews 26/05/2020 £2,496 Unknown Unknown 2
Richborne Terrace 10/03/2020 £2,384 991 £28.43 2
Richborne Terrace 09/01/2020 £2,492 1006 £29.73 2
Richborne Terrace 16/09/2019 £3,250 978 £39.88 2
Clapham Road 12/07/2019 £2,492 1123 £26.63 2

Office Sales and Letting Evidence

Office Sales Evidence
Address Tenure Date Sq.Ft Rent Price Net Initial Yield Price PSF
81-83 Lambeth Walk Leasehold Jan-22 493 Vacant £245,000 - £496.96
28 Lower Marsh Freehold Dec-21 1,509 Vacant £865,000 - £573.23
12 Steedman Street Leasehold Sep-21 1,765 Vacant £936,000 - £530.31
165 Camberwell Road Freehold Sep-21 188 £6,580 £127,000 5.10% £675.53
Office Letting Evidence
Address   Date Sq.Ft Rent PA     Rent PSF
1-8 Artichoke Place   Jul-22 546 £14,500     £26.56
1-8 Camberwell Green   Feb-22 678 £12,688     £18.71
243-245 Kennington Lane   Sep-21 397 £9,984     £25.15
1-6 Bedlam Mews   Jul-21 775 £20,020     £25.83


We understand that the property has not been registered for VAT and therefore VAT is not be applicable on the purchase price.  


We are instructed to seek offers in excess of £1,000,000 (One Million Pounds), subject to contract.

This price reflects an overall capital value of £533 per sq ft / £5,747 including the terrace and £692 per sq ft / £7,463 per sq m excluding the terrace, assuming purchasers’ costs of 5.75%.


Investment Considerations

  1. Opportunity to purchase a property in a regeneration location

  2. New property built in 2018

  3. Residential element and office element can be purchased individually

  4. Freehold

  5. Spacious terrace on the second floor

  6. Opportunity to repurpose the office element to residential use, subject to planning

  7. Attractive lot size to an investor


  • Attention is drawn to the fact that access to all areas of the property may not be possible prior to completion

  • Replies to standard enquiries will not be provided as part of the conveyancing process

  • The property will be sold as seen. No express or implied warranties or representations are given.

  • Any prospective owner must be prepared to undertake asset management initiatives to regularise the basis upon which any commercial and residential occupants remain in situ.


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Contact Us

Singer Vielle   +44 (0) 207 935 7200
Daniel Elia daniel@singervielle.co.uk +44 (0) 203 701 1353
Dale Henry dale@singervielle.co.uk +44 (0) 203 701 1356
Neil Singer neil@singervielle.co.uk +44 (0) 203 478 9120

Vendors Solicitor

Maddox Legal +44 (0) 203 709 2815
Omone Pusey opusey@maddoxlegal.co.uk

Joint Agent

Hamptons +44 (0) 203 151 4167
William Pasquali pasqualiw@hamptons.co.uk