76 Atlantic Road, London

Description

Comprises a ground floor restaurant let until 2029 (no breaks). Forms part of an established local parade. Located 450m from Brixton Underground Station in a densely populated suburb. Short distance from Brixton Village Market. VAT is not applicable. Six Week Completion Available.

Accommodation

Ground floor restaurant.

Location

Brixton is a densely populated suburb of South West London, approximately 2 miles south of Central London and 4 miles north of Streatham. The property is situated on the west side of Atlantic Road, close to its junction with Saltoun Road, approximately 450m from Brixton Underground Station and a short distance from Brixton Village Market.

Tenure / Property Information

Investment Analysis

The £200,000–£210,000 guide is the only directly relevant pricing evidence supplied. The sold comparables are residential flats/maisonettes or terraced properties and are not reliable comparables for a ground-floor restaurant investment. No passing rent, floor area, lease rent, tenant covenant or commercial valuation evidence is provided, so GDV and an evidence-based maximum bid cannot be established. The supplied rental listings are advertised asking rents for unspecified commercial properties and are not sufficiently property-specific for yield analysis.

Investment Snapshot

Strategy Recommendation

Treat as a specialist commercial income investment only if the special conditions confirm the lease, rent, tenant obligations and assignment position. Do not rely on the guide or residential comparables until the passing rent and commercial valuation are verified.

Works Required

No refurbishment works or defects are evidenced. Allow for normal legal, lease and condition due diligence rather than assuming physical works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because there is no supported commercial GDV, passing rent, refurbishment budget or refinance valuation. The stated 250-year lease from completion with peppercorn ground rent is potentially useful tenure information, but it does not replace a commercial valuation or lease review.

Buy-to-Let Analysis

This is a commercial restaurant investment rather than a residential BTL. The property is stated to be let until 2029 with no breaks, but the passing rent and tenant covenant are not supplied. The two advertised rental figures (£1,667 pcm and £27,619 pcm) relate to unspecified properties and cannot establish this property's rent or yield.

Flip Analysis

A flip appraisal cannot be supported. The residential sold comparables are not appropriate evidence for restaurant resale value, and no commercial GDV or selling-cost allowance is provided. The existing letting until 2029 may also limit immediate vacant-possession or repositioning options, subject to the legal documents.

Investor Risks & Due Diligence

• Passing rent and tenant covenant are not supplied, preventing income and yield verification.

• The property is let until 2029 with no breaks, potentially limiting short-term vacant-possession or redevelopment options.

• Residential sold comparables are not directly comparable to a ground-floor restaurant investment.

• Additional seller or third-party charges may apply and are not quantified.

• The restaurant use, lease terms, repairing obligations, assignment provisions and other special conditions require legal review.

Recommendation

Treat as a specialist commercial income investment only if the special conditions confirm the lease, rent, tenant obligations and assignment position. Do not rely on the guide or residential comparables until the passing rent and commercial valuation are verified.

Strategy Rating

Analysis Confidence

Basic tenure, occupancy, lease term, location and buyer premium are supplied, but there is no passing rent, commercial comparable evidence, floor area, condition assessment, tenant covenant, EPC or full cost schedule.