An entire property currently consisting of ground floor retail with a self contained maisonette above.
The ground floor is currently divided into two shop units.
The flat is accessed from the rear and has 2 bedrooms, living room and kitchen.
( Agency Pilot Software Ref: 16620 )
Location
The property is situated in a secondary retail location within easy walking distance of Raynes Park Station. Many of the adjoining ground floor units in the vicinity are occupied by office tenants. The area offers good quality residential accommodation due to the ease of commuting into Central London. Central Raynes Park offers very good local services and Wimbledon town centre is close by.
Accommodation
Ground floor - 598- 23 sq m (248sq ft )
Ground floor – 598A -23 sq m (248sq ft )
Ground floor anc – 598A -26.69 sq m ( 287sq ft )
First floor residential 73.42 sq m ( 790 sq ft )
Second floor residential 51.04 sq m (549 sq ft )
Terms
TENURE The property is available freehold. There are currently two tenants in the building. Half the ground floor (598 Kingston Road) is let to Rachel White and Alison Golden T/A Top Dog Grooming Raynes Park Limited. The lease is for a term of 3 years from 12/2/2019 and is outside the L & T Act at a rent of £XXX pax. The Landlord benefits from a rolling break clause on 3 months’ notice. The residential element (598B Kingston Road) is let on an AST from 1999. The rental income is £XXX pax.
PRICE £XXX The building is not elected for VAT.
POTENTIAL OPPORTUNITIES Subject to any required consents we believe the following opportunities can be explored by a purchaser to add value
• Improve residential income. It has been static since 1999
• Undertake development works to create two flats. Indicative plans are available on request
• Include rear of ground floor in residential
• Let remainder of ground floor Plans attached showing building as currently laid out and two indicative options.
RATES We have been verbally informed by the local authority that the premises have a rateable value of 598 is £XXX and for 598A is £XXX EPC 598 Kingston Road – D 598A Kingston Road - E