The property comprises an end of terraced property arranged over ground and two upper floors. The ground floor is currently let but will be offered with vacant possession.
The upper floors comprise two flats. The first floor flat comprises 2 bedrooms, whilst the top (2nd) floor flat consists of a bedsit with loft area (possible bedroom).
Location
The property is located close to South Wimbledon Underground station (Northern Line). Wimbledon Train station is approximately 1¼ miles from the property, serving London Waterloo (19 mins), London Underground (District Line) and Tramlink (to Croydon and Beckenham).
The property is highly prominently located on the junction of Merton High Street and Victory Road. Haydons Road Train station is approximately ¾ of a mile to the north, with its regular services to London and Sutton. Numerous bus routes pass the property.
Accommodation
Ground Retail: 841 sq. ft. ( 78.15 sq. m.)
Flat A: 549 sq. ft. ( 51.00 sq. m.)
Flat B: 581 sq. ft. ( 54.00 sq. m.)
TOTAL: 1,971 sq. ft. (183.15 sq. m.)
Terms
TENURE / PRICE - £790,000 for the freehold interest with vacant possession of ground floor.
NIY 7.20% once ground floor let.
Ground ERV £25,000 pa
1st floor AST let at £1,600 pcm (£19,200 pa)
2nd floor AST let at £1,300 pcm (£15,600 pa)
LEGAL COSTS - Each party to bear their own legal costs incurred in this transaction.
VAT - The property is not elected for VAT.
EPC:
GF – TBA
Flat A – Band D (56) Expires 10 May 2027
Flat B – Band E (44) Expires 10 May 2027
RATES / COUNCIL TAX:
2026 List rateable value
GF Shop: £12,500
Flat A: Band C
Flat B: Band D
UBR 2026/27 – 0.43.2 in the £
Source: VOA website.
Interested parties should make their own enquiries with Merton Council to confirm the rates/Council Tax payable.
Specification
- Good public transport links
- Vacant possession of ground floor
- Scope for development to rear of ground floor, subject to usual consents
- Both flats refurbished with the last 7 years