Central London Retail Investment - VAT Free

12 Huguenot Place | London | SW18 2EW


subject to contract

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  • Located in one of London’s most affluent boroughs

  • Prominent return frontage

  • Recently renewed 10-year lease (tenant break option at the end of year 5)

  • Let to Savills (UK) Ltd, Revenue £719 million

  • Upwards only rent review in August 2027

  • Savills have been in Wandsworth since 1996

  • VAT Free

  • Total passing rent £29,000 per annum

  • £465,000, subject to contract

  • 6% NIY



London is Europe’s financial and technology capital with a population of approximately 9 million people and it is set to rise by 1% per annum, more than double the European city average.

Wandsworth is a densely populated affluent town in south west London and occupies a desirable location immediately south of the River Thames, approximately 4 miles from central London.

The London Borough of Wandsworth is predominantly a residential district. The area benefits from numerous modes of transport including Wandsworth Town mainline station which serves Clapham Junction, London Victoria and London Waterloo with trains operating at least eight times and hour.

There are excellent road links from the Wandsworth into the City and West End as well as the main feeder routes out of London including the A205 South Circular Route, A3, A217 and A24 which link to the UK motorway network across the south west and south east.

Wandsworth has seen significant regeneration through mainly residential led schemes which has elevated the location as an ideal place to live. This too makes the area attractive to estate agent businesses.

Data from London Datastore shows that Wandsworth has registered strong levels of housing delivery since the turn of the century, in comparison to other London Boroughs. Wandsworth has seen net additions to dwelling stock of 28,646 ranking it third behind Tower Hamlets and Southwark. Much of this housing delivery has been completed along the River Thames stretching west from Nine Elms towards Putney. Prominent schemes include Nine Elms Point by Barratt, The Residence by Bellway Homes, Battersea Power Station and Embassy Gardens by Ballymore.

Wandsworth makes up an increasingly popular part of southwest London, particularly with young professionals and families. The borough is renowned for its state and private schools while the area’s focal point is the beautiful open space of Wandsworth Common, which is surrounded by plenty of shops, eateries and cafes.

The majority of properties are Victorian family homes, many with large gardens, while there is also a choice of modern houses, which have become increasingly sought-after in recent years. You can also find new-build flats and developments, especially along the river.


The property occupies a prominent return frontage along Huguenot Place and Melody Road.

Huguenot Place is and established residential location, also occupied by a mix of national and independent businesses including Chestertons (next door), the Co-op, Glitz and Glam and Computers Inc.

The property benefits from excellent communication links being approximately 500 metres from Wandsworth Town Station. Numerous bus routes also serve the area providing easy access to other parts of Wandsworth and London. Clapham Junction Station is nearby.



The property comprises a ground floor and basement estate agency with a return frontage and has been fitted out by Savills in the usual corporate style.

The ground floor consists of an open plan estate agency with a separate meeting room and kitchen/staff area and WC. The basement consists of ancillary accommodation and WC.

The property benefits from a rear yard.


The property has been measured by BKR Floor Plans and provides the following net initial floor areas:

Net Frontage 20’7” 6.27m
Gross Frontage 22’4” 6.81m
Zone A 403 sq ft 37.44 sq m
Zone B 194 sq ft 18.02 sq m
Zone C 140 sq ft 13.01 sq m
Ground Floor ITZA   535 UNITS
Total Ground Floor 737 sq ft 68.47 sq m
Lower Ground 278 sq ft 25.83 sq m
Total Net Internal Area 1,015 sq ft 94.29 sq m
Total Gross Internal Area 1,168 sq ft 108.51 sq m

A set of floor plans is available to download and the measured survey report will be re-addressed to a purchaser at a cost of £490 + VAT.



999-year long leasehold, from completion of this transaction and at a peppercorn rent.


The property is let to Savills (UK) Limited on a full repairing and insuring lease for a term of 10 years from 15th August 2022, expiring 14th August 2032. There is a tenant only break clause on 14th August 2027, subject to 6 months written notice.

The passing rent is £29,000 per annum which, based on our analysis, equates a Zone A rate of £54 per square foot.

Therefore, there are 9.5 years unexpired and 4.5 years to the break.



Savills (UK) Limited is part of Savills Plc, a real estate advisor established in 1855 and employing over 39,000 people in over 70 countries.

Savills provides real estate service in all asset classes and is recognised as one of the largest and well-known real estate advisors globally.

The Wandsworth branch has been trading since 1996 with it’s focus being on the local residential market.

Savills (UK) Limited (Co. No.02605138) has reported the following figures:

  31 December 2021 31 December 2020 31 December 2019
Revenue £719,006,000 £564,476,000 £589,470,000
Pre-Tax Profits £107,416,000 £64,716,000 £61,517,000
Net Assets £152,681,000 £107,333,000 £88,650,000


The property has not been registered for VAT and therefore VAT is not applicable on the purchase price.



We are instructed to seek a figure of £465,000 (Four Hundred and Sixty Five Thousand Pounds), subject to contract, reflecting a net initial yield of 6%, assuming standard purchaser’s costs of 4.54%.

Please note that a purchaser will be re-charged the costs of the measured survey (£490 + VAT) and search validation insurance (£86), which are provided in the data room.

Please note that a purchaser will be charged a Transaction Fee of 1.0% of the Purchase Price plus VAT.

Investment Considerations

  1. An opportunity to acquire a property in one of London’s most affluent boroughs;

  2. Highly prominent return frontage within ideal location for an estate agency;

  3. Savills recently renewed their lease for a further 10 years (subject to a 5 year break);

  4. Savills first opened their doors in Wandsworth in 1996 and the Wandsworth team have over 100 years of combined experience;

  5. There is an upwards only rent review in August 2027;

  6. VAT Free Investment

  7. Highly Secure income to Savills (UK) Ltd who reported net assets of £152 million

  8. Opportunity to acquire a property in an appreciating area;

  9. Attractive lot size to an investor;

  10. Attractive yield for a London asset.


Data Room and clicktopurchase®

Access to the data room and for the ability to purchase online with speed and ease, please click the clicktopurchase® “C” icon or the clicktopurchase® side bar. Purchasers will be able to access the complete legal package, clear verification and submit legally-binding offers to acquire the property.

Purchasers benefit from the trust, security and transparency provided by the platform. All activities, including the online contract execution, will form part of the electronic audit trail which is anchored in the clicktopurchase® Blockchain.

clicktopurchase® provides the opportunity for any investor, whether located UK or abroad, to uniquely purchase online with ease and certainty. To learn more about clicktopurchase®, click here.

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

Ronald Fletcher Baker +44 (0) 207 613 1402
Kieran Rodda k.rodda@rfblegal.co.uk