Unit 1 was previously the yard area serving Unit 2 but later built to a similar design of steel frame construction. There is an enclosed yard area to the front of the premises, accessed off the forecourt. Unit 2 is built of steel frame construction with walls of brickwork, blockwork and corrugated sheeting under a pitched roof with full height door to loading bay and provided over ground and mezzanine floors. Externally, there is a forecourt to the front with car parking for 4-6 cars and crossover pavement.
Location
The property is situated in Weir Road, on the established Durnsford Road Industrial Estate where other users include Travis Perkins, Jewson and Reston Waste Management. Wimbledon town centre is approximately 1-mile to the south-west with Wimbledon Quarter, Railway, Underground and Tramlink station.
Accommodation
Unit 1: 3,200 sq. ft. (297.28 sq. m)
Unit 2: 8,275 sq. ft. (768.75 sq. m.)
Terms
Price: Offers in Excess of £1.750.m
Tenure: Held on a ground lease for 119 years from 22nd May 1987 A gearing of 10.3% of the market rent every 5 years. Sub FRI Lease Let for a term of 15 years to SDS(London)Ltd from 7th July 2015 paying a rent of £189,750 p.a exc. A review of the head lease is outstanding Deducting 10.3% produces a net income of £170,205 p.a until July 2030. Deducting Purchase costs at 6.5% (£113,750) Net Effective Yield 10.4%
VAT: VAT is not applicable
EPC: To be confirmed.
Rates: 2026 List Rateable Value
Unit 1: £34,750, Unit 2: £105,000
UBR 2026/2027 £0.48p in the £
Source: VOA
Interested Parties should make their own enquiries with Merton Council.
Legal Costs: Each party to bear their own legal costs incurred in this transaction.