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156 Arthur Road, Wimbledon, SW19 8AQ
1,387 Sq Ft / Leisure / Restaurants / Cafes
Withdrawn - Last updated: 22 November 2023
Description
The property comprises an Argentinian Restaurant to the ground floor with two residential flats above sold off on long leases.
FREEHOLD RESTAURANT INVESMENT
Location
The property is situated on the southern side of Arthur Road, within 150 metres of Wimbledon Park (District Line) Station.
The property forms part of a popular local parade of retailers and restaurants and is located opposite a Co-op convenience store.
Size Notes
The property benefits from the following internal floor areas:
Gross Frontage 21'6" (6.55m)
Net Frontage 15'6" (4.60m)
Ground Floor Restaurant/Kitchen Area690 sq ft 64.17 sqm
Basement Storage/Preparation 697 sq ft 64.82 sqm
Price Description
£580,000 for the Freehold
EPC
Rating C (59)
Freehold subject to the following leases:
156 Arthur Road - let to Argentina in UK Ltd on a full repairing and insuring lease is for a term of 15 years from 23 October 2017, subject to 3 yearly upward only rent reviews.
The passing rent is £34,500 which is due to be stepped up as agreed (as part of the rent review) on 23rd July 2024 to £37,000 pax.
156a Arthur Road - first floor flat sold on a lease from 24 June 1998, expiring on 23 June 2187.
156b Arthur Road - second floor flat sold on a lease from 24 June 1998, expiring on 23 June 2187.
The next Rent Reiew is October 2027
( Agency Pilot Software ref: 1001494 )
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