The property comprises a pair of semi-detached buildings, with a retail outlet at ground floor level and two flats above. The ground floor and one flat is let to Boots UK Limited; the second, larger, flat is let on an Assured Shorthold Tenancy.
Location
The property is located in a busy parade in the heart of Southfields Town Centre. It is off Wimbledon Park Road, the main road linking Wimbledon to Wandsworth where it connects to the A3. It is in the centre of an affluent residential area comprising predominantly medium density, late 19th and early 20th Century housing. Southfields TFL Station is about 100m and has District Line services to Wimbledon, Putney and Central London.
Nearby traders include Tesco Express, Cook, Sainsbury's, KFC, Nando's, Barclays, Greggs, Coral, Cook and an M & S Food Hall as well as numerous local traders.
Accommodation
The premises afford the following approximate net internal areas
Ground Floor (31-33) Retail & Stores - 2,470 sq ft (229.46 sq m)
Upper Floors:
2 Bed Flat (31A) - 809 sq ft (75.16 sq m)
1 Bed Flat (31B) - 750 sq ft (69.68 sq m)
Gross Internal Area - 4,029 sq ft (374.30 sq m)
There is a small yard to the rear and forecourt to the front. Floor plans are available on request.
Terms
Tenancies - The entirety of the ground floor and flat 31B are let to Boots UK Ltd under a single FRI lease for a term of 10 years from 17th March 2012 at a current rent of £XXX per annum with effect from 17th March 2017.
Flat 31A is let under an Assured Shorthold Tenancy currently at a rent of £XXX pcm.
Total gross rents are £XXX pa.
Covenant - Boots UK Limted (Company No 00928555) showed, in their 2017 accounts, a reserve of £XXXm (2016 : £XXXm), with an operating profit of £XXXm (2016 : £XXXm). Services include a pharmacy, such as prescription drugs, and retail of beauty products, toiletries, life style merchandising and non-prescription drugs.
Guide Price - £XXX m (One million, five hundred thousand pounds)
VAT - Not confirmed but believe not be applicable.
Planning - The ground floor has an A1 use (retail) whilst the upper floors have a C2 use (dwelling houses) within the meaning of the Town & County Planning (Use Classes) Order 1987 as amended.
EPC's - These are available to view on request
Local Taxation - The rateable value of the retail element is £XXX Reliefs may apply and interested parties should make their own enquiries of the Local Authority.
Both flats are rated in Band 'D' for Council Tax and the amount payable for 2018/19 is £XXX
Legal Fees - Each party too bear their own legal costs.