The subject property consists of a ground floor commercial café and first floor 2 bed self-contained residential flat with rear access, let on separate tenancy agreements. Occupiers close by include Co-op. P&P Glass, R Clinic, Vanity Fur and ART Hair & Beauty.
Location
The premises is located a short walking distance away from Haydon’s Road train station. The new Galliard housing development is also a short walk away. The development will create 114 new homes and a new football stadium for AFC Wimbledon, located a 2 minute walk away from the subject property.
Accommodation
Ground Floor: - 76.7 sq m (826 sq ft)
First Floor: - 59.7 sq m (643 sq ft)
Total: - 136.4 sq m (1,469 sq ft)
Terms
Tenancy
The café is currently let for a term of 20 years from August 2006 with a passing rent of £10,000 per annum exclusive. The lease is held inside the Landlord and Tenant Act 1954, providing security of tenure. The lease also provides five yearly, upward only open market rent reviews.
The residential AST is currently on a period tenancy, having been in occupation for approximately 15 years and paying £9,600 per annum.
Planning
A Mixed use property, containing an assumed ground floor restaurant (A3) and a two bed residential flat flat (C3) In accordance with the Town and Country Planning Act 1987 as amended.
EPC
EPC Rating D (82) Ground floor and EPC Rating E (52) for the first floor. EPC’s are available upon request.
Price
£515,000 subject to contract.