The property comprises a two storey, end-of-terraced corner building, constructed in c. 1925 in brick walls, under a pitched and tiled roof. It is arranged as a ground floor shop with a 1-bed flat above.
Access to the Shop/ Office is via the front door facing Kingston Road, while the access door to the Flat above is in Oxford Avenue.
There is one car parking space between the pavement and the shop front.
Access to the rear yard and workshop, neither of which are demised to either tenant, is also off Oxford Avenue, and the passageway to the rear.
Location
The property is situated in LB Merton and located on the north side of Kingston Road (A238), at its junction with Oxford Avenue. Wimbledon Chase Railway Station is within ¼ mile. with its regular Thameslink services to London St Pancras Int (1 hr 15 mins) London Bridge (48 mins), Wimbledon (4 mins), and Sutton (15 mins). The A3 is approximately 1 mile to the west.
The property forms part of an established retail terrace fronting Kingston Road.
Accommodation
Ground Floor NIA - 440 sq. ft. ( 40.87 sq. m.)
Rear Workshop - 316 sq. Ft. ( 29.36 sq. m)
1st Floor GIA - 507 sq. ft. ( 47.10 sq. m.)
TOTAL - 1,263 sq. ft. (117.33 sq. m.)
Terms
TENURE - Freehold subject to current lease on Ground Floor Shop, and Assured Shorthold Tenancy on Flat above, as below:
Shop/ Class E Unit - Let for a term of 5 years on an internal repairing and insuring basis, expiring on 23 July 2025.
The rent passing is £16,800 per annum, exclusive.
The Lease is contracted out of the renewal provisions of the Landlord and Tenant Act 1954.
The landlord holds a rent deposit of £1,100.
GUIDE PRICE - £675,000
FLAT - The first floor flat is let on an Assured Shorthold Tenancy which can be terminated with 2 month’s notice by either landlord or tenant.
The rent passing is of £1,300 per calendar month, exclusive of Council Tax and Utilities.
The landlord holds a rent deposit of £1,500 in an approved scheme.
LEGAL COSTS - Each party to bear their own legal costs incurred in this transaction.
RATES / COUNCIL TAX:
GF Rateable value (2023): £4,850
The 2024/25 UBR is 49.9p in the £.
Small Business Rates Relief may be available.
The residential Flat is in Council Tax Band C
Interested parties should make their own enquiries with Merton Council to confirm the rates and Council tax payable.
VAT - We understand VAT is not applicable to the price.
Specification
- Ground Floor Class E Use
- First floor flat - 1 bedroom, Living Room, Kitchen and Bathroom
- External rear Yard with timber workshop.
- Potential for extension/development, subject to the usual consents.