The property comprises an imposing double fronted corner building with a high-class restaurant. Ground floor comprises formal dining with circa 64 covers. Further seating is available at the bar, circa 17 covers with a private dining area of circa 12 covers and a full commercial kitchen to the rear. The basement provides further storage together with an office/store to the first floor.
Location
The premises are located on the corner of Ridgway and Denmark Road, close to Wimbledon village. The area has an affluent and large residential catchment and good transport links.
This property is well positioned between Wimbledon Village and Wimbledon town centre and is well positioned at the top of ‘The Slopes’. Nearby operators include Megans, Cote, The Ivy, Good Earth Express and numerous independent and corporate operators.
Accommodation
Ground (NIA) - 1,910 sq. ft. (177.45 sq. m.)
Basement (NIA) - 174 sq. ft. ( 16.16 sq. m.)
First (NIA) - 56 sq. ft. ( 5.25 sq. m.)
TOTAL - 2,141 sq. ft. (198.87 sq. m.)
Ground (GIA) - 2,114 sq. ft. (196.40 sq. m.)
Terms
VAT - The property is elected for VAT.
USE - A licensed restaurant within Class E.
EPC - Band B (46) Expires 28 April 2035.
PRICE - £900,000 Freehold subject to occupational lease. This represents a Net Initial Yield of 6.46% after the deduction of usual purchaser's costs of 5.55%.
TENANCIES - The property is let to Alex Webb Holdings Limited for 10 years from 24th September 2025 at £75,000 per annum exclusive.
The lease is inside the Landlord & Tenant Act 1954 Part 2 and includes an upwards only 5th year rent review. There are no break options.
2 flats over were sold on 125-year leases from 24th June 2001.
RATES:
2026 List Rateable Value: £61,500
UBR 2026/2027 - £0.48.0p in the £.
Source: VOA website.
Interested parties should make their own enquiries with Merton Council to confirm the rates payable
LEGAL COSTS - Each party to bear their own legal costs incurred in this transaction.
Specification
- Award winning chef/tenant
- Affluent location on Wimbledon village/town borders
- 10-year lease from September 2025