- 89-91 The Broadway, Wimbledon SW19 1QE comprises mid terraced Victorian buildings.
- Located in the heart of Wimbledon town centre.
- 3,083 sq. ft. (286.44 sq. m.) in total comprising 2 retail units with 2 floors of offices and a first floor dental surgery above.
- 89/89a are let separately until 2037.
- 91 is let to 2027
- 91a is let to 2040.
- No outstanding breaks in any leases.
- Scope for rental growth to 89 The Broadway.
- Well established tenants located in a strong and popular trading area.
- Well presented accommodation all let on full repairing leases.
- Close to bus station and town centre car parks.
- In the heart of the town’s nighttime economy.
Location
89-91 The Broadway is situated on The Broadway (A219) which is the main thoroughfare heading south from the town centre. The properties are situated approximately 0.3 miles south east of Wimbledon station and the town centre, which is a 5 minute walk.
The buildings are surrounded by a wealth of amenities, well provisioned with extensive shopping facilities, bars, restaurants and cafes with international brands alongside boutique operators.
Wimbledon is home to a diverse range of occupiers both national and international.
Accommodation
89-91 The Broadway provides the following floor areas:
89 The Broadway - Retail - 1,406 sq ft (130.60 sq m)
89a The Broadway - Offices - 839 sq ft (77.99 sq m)
91 The Broadway - Retail - 443 sq ft (41.13 sq m)
91a The Broadway - Dental Surgery - 395 sq ft (36.72 sq m)
TOTAL - 3,083 sq ft (36.72 sq m)
Terms
TENANCY - See attached brochure for information.
TENURE - Freehold registered title SGL 621362
PLANNING - The property is not statutory or locally listed, nor within a Conservation Area, but is within the
- Wimbledon Town Centre
- Prime Shopping Area
- Opportunity Area
- Neighbourhoods and Character Areas
RATEBLE VALUES:
89 £34,000 (Shop and premises)
89A £18,250 (Offices and premises)
91 £28,250 (Shop and premises)
91A £ 9,300 (Surgery and premises)
VAT - 89-91 The Broadway, SW19 1QE is not elected for VAT.
A sale of our client’s company may be considered.
EPCs - Available on request.
CAPITAL ALLOWANCES - Further information available on request.
PROPOSAL - Offers in excess of £1,425,000 (subject to contract) reflecting a net initial yield of 6.08% (assuming purchaser’s costs of 5.76%) and a capital value of £462 per sq. ft.
Specification
- Freehold interest
- Less than a 5-minute walk from Wimbledon station to provide 3-way connectivity to London Underground, South Western and Thameslink trains and Tram services
- Prominent building opposite New Wimbledon Theatre
- 3,083 sq. ft. (286.44 sq. m.)
- 4 tenancies with three expiring in 2037 or beyond
- Rent reviews due on 3 leases within the next 2 years with scope for increases
- Total passing rent £91,640 per annum exclusive
- Price – Offers in excess of £1,425,000
- Net Initial Yield – 6.08% (assuming purchaser’s costs of 5.76%)
- Capital Value - £462 per sq. ft.